The Guidance for Molybdenum Market On 20th, Aug.
- Details
- Category: Molybdenum's News
- Published on 20 August 2014
- Written by jwy
- Hits: 288
On 20th, Aug, the quotation of the LME molybdenum futures in three month futures and fifteen month futures are basically flat. In three month futures, the quotation for molybdenum is 28500 or 29500 dollars per ton, and the quotation for molybdenum is about 29230 or 30230 dollars per ton in fifteen futures.
Macro information: the electricity consumption in July goes downhill quickly. The state council has issued a document to reduce financing cost. The economy in Europe has gained a zero growth, and Germany has reduced by 0.2%.
Molybdenum concentrate mine market in china goes steadily. Though the molybdenum iron manufacturers for materials has increased in demand, the molybdenum company hasnot an increased demand for materials. As the material store is so enough that there is no need to buy in a short period, and the price of molybdenum concentrate is also flat.
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