Molybdenum Price Continues to Rise in Europe, the Market of It Will Revive
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- Category: Molybdenum's News
- Published on 22 August 2014
- Written by jwy
- Hits: 301
On Friday, August 15, the price of molybdenum iron in Europe goes upward again. As market dealing became more active and the supply decreased, the spot price of molybdenum iron in Rotterdam has changed from $31.8 - $32.1 / kg to 32 - $32.25 / kg.
Some traders said, I am sure that the market is very strong, the supply and demand is basically stable. Summer break is coming to an end, which means that there will be more and more enquiries in early September, consumers will back to the market, and are likely to begin to stock up.
The other traders said there exist a few of high price offers in the market, and the price is expected to continue to rise in the coming days. He stressed that goods prices for traders are higher.
It is reported that the price of molybdenum oxide in the world has also slightly raised from $13.05 - $13.1 / lb to $13.1 - $13.2 / lb, market participants believe that the price difference between high and low price will be shrink.
A dealer said, vendors are now no longer offer, they all said the goods have been sold out, and consumers prepare to buy goods. As Fall participants will be back to the market and demand is increasing in fall, the price of molybdenum is expected to continue to rise.
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