Molybdenum Market Will Be Tight in Short Period
- Details
- Category: Molybdenum's News
- Published on 17 September 2014
- Written by jwy
- Hits: 315
External market prices continue to fall and internal demand are weak, which lead to bad results that the price of molybdenum concentrate products fell slightly in domestic, and the actual dealing price is low as well as the market remained weakening running posture. Today more than 40% of molybdenum concentrate price is mainly in 1320 to 1350 yuan/ton, the actual dealing price is in the vicinity of 1310 to 1330 yuan/ton; over 47% of high level of molybdenum concentrate quotation is in 1340 to 1370 yuan/ton, which has fell by 10 to 20 yuan/ton compared with last month.
Molybdenum market lack of favorable factors and demand can't be improved. The management pressure of some small and medium-sized miners operating increases. At the same time, the early production manufacturers who has been in idling period donot intend to produce again, moreover the middlemen also maintain wait-and-see, and trading atmosphere is not flourishing, so that the market is still cold and cheerless. Large mining subject, further shrinking profit margins. Costs can still be supported, but it is expected that the market will be tight in short period.
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