The Price of Molybdenum Concentrate Has Stabilized With Businessmen' Support
- Details
- Category: Molybdenum's News
- Published on 20 August 2014
- Written by jwy
- Hits: 275
Although economy has still gone downward, the overall macroeconomic situation is relatively optimistic in the second half of year. However, there is still a big question whether macro positive side can help to alleviate the crisisof the excess traditional industries. steel market has still been in weakness, and the demand of the related industries has also reduced, which inhibits the development of molybdenum market. The current external price of molybdenum slowly lift, but the internal price has still stalled. The main Miners have hovered to quote, which lowered the price of molybdenum to some extend. Since the beginning of this month, the price of molybdenum concentrate products has not gained obvious fluctuation, and the actual transaction price is only in a small state of shock.
Today, more than 40% of the regular grade of molybdenum concentrate price are at 1330-1340 yuan/ton,and more than 47% of high grade of molybdenum concentrate are in 1350-1380 yuan/ton quotation. Companies have said that many participants are cautious to it, in consideration of stronger warming signal with merchants' support. However, as the demand has reduced in the middle of this month so that the lack of support in the market. Late demand season has been approaching, the molybdenum material price trend direction became clear.
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