Molybdenum News Center

September 7th Molybdenum Market Morning Guidance

Recently China's domestic molybdenum market calm, waiting for TISCO, Baosteel and other steel company’s tender awarded. The current international molybdenum market rose slightly which  will have a certain stimulate for this bid, so for the market of molybdenum does not have to worry too much, after all, at the present the market has been at the bottom of the low-cost, participants already have some psychological endurance. Market analysis, the molybdenum market will steadily or may trend to improved later period, the possibility of substantial volatility is unlikely.
Macro level, institutions predict August PPI decline to continue to expand, the deposit rate is still has down space. Micro business will reduce the tax fur, the income tax reduce half from 200 000 to 300 000. The state-owned enterprise reform program 1 + N announced asymptotically.

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