China's Molybdenum Restocking Interest Limited on Slow Domestic Demand
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- Category: Molybdenum's News
- Published on 21 June 2013
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Chinese domestic molybdenum prices are currently declining.
"Chinese traders, who typically stockpile molybdenum imports when prices approach $10/lb, are unlikely to do so in the coming weeks as demand is seen staying low in China", traders said.
"The Chinese domestic market is slow, and so is overseas. There is only a narrow difference between prices to take advantage of the price arbitrage. Also if domestic prices go down, there is nowhere for imports to go," said one Chinese trader.
A second Chinese trader said: "We [have not] decided whether to re-stock a bit or not when import prices reach 10.50/lb. We will have to wait and see."
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