Molybdenum News Center

The Molybdenum Market Situation after China September V-J Festival Day

September 6, after China V-J Festival Day, mining has the same price. Market analysts believe that the possibility of a substantial decline in the molybdenum market is unlikely. Because recently seasonal demand of molybdenum still exists so the market outlook is presented the possibility of stabilizing the situation is great. Over the same period, some operators believe, Molybdenum raw material prices continue to hover in the bottom area and irrespective of the price of steel recruit future ups and downs are relatively limited range. Besides, downstream buyers routinely cover short positions should be difficult to avoid. Someone believed that after the long-term shock the market consolidation pattern has been completed, lately production enterprises will demand more and more and the reducing probability is relatively small, unless macroeconomic occur greater instability.
Molybdenum market has spent the July, August relatively tough two months, in September although the current situation is disappointed, but the actual demand situation should be steadily. On the other hand, the companies which long-term produce product by the order also need to complement the seasonal consumption of raw materials. Therefore, even if the molybdenum market consume may have short-term increases the price of molybdenum will still need the actual transaction to boost. From this situation a large rose is still difficulty.
Currently, first ammonium tetramolybdate mainstream transaction in 6.3-6.5 wan yuan/ton, first ammonium heptamolybdate traded at 7-7.2 wan yuan/ton, the wholesale price of sodium molybdate was 4.5-4.7 wan yuan/ton and the retail price about 4.8-5wan yuan/ton. Molybdenum chemical manufacturers are now waiting for more materials to guide, operating depending on their pressure due to the old customer orders are the main pillar for current operation, leading manufacturers have long troubled by back section issues and concerns in the short term it is difficult to effectively alleviate. Some experts expect, after the results of bids were announced to the trend of molybdenum raw materials will be more clear, molybdenum chemical industry in the bleak demand pressures are able to get the support of raw materials still need to verify, before that the weak stability pattern will continue.

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