Molybdenum News Center

Macro Information: four rows rare blood get together and issue bonds, bank bonds this year exceeded 200 billion; country more than 70 cities and counties have been canceled GDP assessment; Eurozone economic sentiment index hit a 16-month low, the euro fell. 

 

Lack of directional factors supporting the venue, the market outlook towards unknown, but is expected to continue to support the stable operation of the business market. Downstream steel purchases by atrophy and other participants divergence trends impact on the market outlook, molybdenum products stalemate serious spot trading, bullish bearish attitude of each other now, and the actual turnover difficulties diminished. Game highlights of buyers and sellers, the number of transactions is difficult to enlarge. Molybdenum concentrate businesses keep watching, the willingness of foreign cash shipments is not high, although occasional low turnover occurs, but on the whole there is still the difficulty of low-cost procurement; needs of the poor performance of the new mill bidding failed approach, middlemen risk aversion is strong, positive action is not enough, the lack of ferro molybdenum products in circulation, most participants are in a wait state. Expected trends in the market outlook is not clearly the case, molybdenum products market will continue to remain stable. 

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