Molybdenum News Center

China molybdenum market fluctuation Europe ferro molybdenum price increases

November 6, the London Metal Exchange molybdenum Futures offer still insist slow fluctuations up and down trend of molybdenum prices in March 24,000 / $ 24,500 / ton; the molybdenum 15 months futuers offer 24,495 (or 5) / 25495 (or 5) U.S. $ / ton, LME of molybdenumThe positions 120 hands.

Foreign markets: the recent European molybdenum oxide prices reported flat, molybdenum prices there has been a favorable turn for the better price and low slightly bullets. According to the MB offer shows that European molybdenum oxide offer 10.9-11.15 level of U.S. $ / lb; molybdenum iron quotations in Europe 26.9 (up 0.15) -27.4 (flat) U.S. $ / kg molybdenum. Part of the business think that, if the latter continues to maintain growth, will drive domestic price fluctuations. U.S. presidential election just passed, the late economic policies have not been worked out yet, molybdenum prices repeatedly remained stable, yet signs of change.

With winter temperatures gradually reduce the northern mining companies operating rate will decline. Combined with itself, quotes prolonged slump suppress low prices this month, domestic molybdenum spot turnover or more light. The molybdenum iron is influenced by the cost of raw materials, the factory operating rate is not positive, weak demand resulting in market outlets is difficult to open. Molybdenum oxide deserted the long, low prices, the existing shipping manufacturers scarce; Waste molybdenum prices continue to hold steady. Recent molybdenum concentrate price fluctuations, but the range is more limited.

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