Rare Earth and Molybdenum Concentrate Market Analysis 2
- Details
- Category: Molybdenum's News
- Published on 23 December 2015
- Written by yiping
- Hits: 321
After analyzed cobalt market quotation and there will more specific introduce magnesium, antimony and molybdenum concentrate market quotation.
It is reported that many antimony ingot big company basically completed the sales target and there are little tend to shipment. And some small and medium-sized enterprises have collected the payment and basically deal with bank loan pressure. So the cash flow has guarantee and there is not possible throwing the goods at low price. What’s more, after state Federal Reserve increases the interest rates, RMB continues undervaluation which to some extent stimulates the export of antimony ingot series product. Oversea market the trade price of antimony ingot was up to 5,200.00 $/ton. In raw material, China import ore traders suppress by oversea ore traders can not decrease the quote price. But employ the way of mineral species combination which improves the gold and silver content of the antimony ore and it split the cost. Besides, many traders hold wait and see attitude. In China domestic self producing ore, due to production cost is quite high and the quote price maintain at about 21,000.00 RMB/ton so there is stalemate between seller and buyer. Supported by raw material price and RMB undervaluation is also good for export, but China domestic market and some smelting processing factories purchase the raw material by on-demand so the market quotation is not well. In the circumstance which the price of many various non-ferrous metals are falling and in the end of year wait and see atmosphere is still strong.
Magnesium market, the quote price of magnesium has small range decrease, due to demand decrease, industry overcapacity, de-stocking and money return pressure at the end of year drag on magnesium market price. Although, RMB undervaluation is good for export but in the recent year magnesium export no tax operation shock regular export companies result in the price is suppressed by foreign merchant so the benefit of export shrink.
Molybdenum concentrate market is still flat and molybdenum concentrate is restricted by market demand so the quoted price after little falling and going flat.
Looking market outlook, the rare earth metal and molybdenum concentrate market influenced by downstream demand and oversea market demand, rare earth metal market continues to falling. And the market price of cobalt, magnesium, antimony and molybdenum concentrate will continue to falling in the short term, but still has some possible has small range concussion for price go up.
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