Molybdenum News Center

Molybdenum Concentrate Faced 5% Increasing in One Week

Molybdenum concentrate is increasing continuous for one month, and this week, it keeps going up and has faced 5% up.

It is reported that there has been 9.71% increasing for moly concentrate until Jul. 27. It is a fact that the price will not keep in a short time. With the increasing of raw mo material, finished products, including moly rod, moly bar, moly wire, moly crucible, etc are also influenced by the price trend. According to the analysis of market, the demand of molybdenum is going to be stabilized, but moly mine re-opening cooperates are under expectation, which has been the reasons for price going up. Furthermore, on one hand, China steel companies are expected to start production, the blast furnace operating rate has been rising over 7 weeks. On the other hand, there is no resuming production mines in China recently, and its opening rate has been lower than expected. Therefore, the stable demand contrast with low opening rate has promoted the increasing price.

As the unexpected increasing molybdenum concentrate, Bohai Commodity Exchange has put forward a notice on Jul. 28 as following:

Considered the existed risk of Molybdenum concentrate, based on “Bohai Commodity Exchange Spot Transaction Risk Control Regulations”, molybdenum concentrate is stopped for exchanging for one day on Jul. 28. Meanwhile, we would like to remind every trader has a reasonable exchange and keeps stable market.

All around China, most factories pointed out that the raw material has been more and more difficult to purchase in low price, but only carry up steps with the market in order to remain regular production. Even though the world economy is under low recovery step, molybdenum concentrate inquiry has been going stable and stable both the demand and supply. It is a good symbol for moly market, and surely with a three month going up trend of the price, more and more factories will re-open, and then the market of moly will go back to stable. With the market influence, price will go stable in the future. However, in a short time, we would like to recommend a quick purchase to meet urgent demand for it seems the price will not decreased recently.

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