Molybdenum market transactions shows weak this week
- Details
- Category: Molybdenum's News
- Published on 12 March 2013
- Hits: 487
According to the monitoring data shows that 40-45% molybdenum concentrate prices in the 1660-1680 yuan / ton;high-grade 47% molybdenum concentrate price in the 1680-1690 yuan / ton; The domestic price of molybdenum oxide in 1760 -1790 yuan / ton. The 60 ferro molybdenum most in cash 113,000 yuan / ton, accepted 116,000 yuan / ton. 《MB》 Metal Bulletin, the molybdenum oxide in 11.1 (-0.1) -11.2 (-0.1) U.S. $ / lb ,the molybdenum iron 27.7-28 (-0.1) U.S. $ / kg, LME stocks 108.
The steel mills tender information is as follows: March 4, east of a steel mill in 115,900 / ton (acceptance) to move 50 tons of ferro molybdenum; March 4, east of a steel mill in 118,000 / ton (acceptance) recruited 20 tons molybdenum iron; March 5, east of a steel mill in 11.2-11.25 million / ton (cash) to move 510 tons of ferro molybdenum.
Domestic inquiry of ferro molybdenum market dwindling, the volume also dropped significantly, Luanchuan area molybdenum prices also fell slightly, the volume is still bleak. Many domestic ferro molybdenum Enterprises bearish the market conditions.
Liaoning Province, a molybdenum-iron enterprise, said: "steel procurement increasingly a significant decline in the price of ferro molybdenum, ferro molybdenum trading price of 110,000 yuan / ton. Molybdenum-iron or short-term bearish." Jinzhou area molybdenum iron enterprise said: ferro molybdenum price fell today, few traders asked us inquiry today to our side 113 000 / metric ton (acceptance) price of an also no transaction. "
Expected: molybdenum-iron, outlook of domestic market will continue to show weak. Till April 2013, the molybdenum market will show a slight downward pattern, break up is not possible.
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