Chinese Traders May Buy Western Molybdenum Oxide if Prices Fall
- Details
- Category: Molybdenum's News
- Published on 18 July 2013
- Hits: 472
It is reported that if prices for Western-origin molybdenum oxide fall to between $9 and $9.20 per pound, Chinese traders may consider buying it on the spot market.
One Chinese trader, who typically re-sells Western-origin moly oxide to Asian and European buyers, said he would consider buying from overseas at $9/lb.
As Chinese domestic moly concentrate prices have been stabilizing at Yuan 1,400/metric ton unit ($226/mtu, or for 10 kg of moly contained in one ton of concentrate).
The Yuan 1,400/mtu concentrate price is equivalent to around $10/lb. ‘Domestic moly concentrate prices have been stabilizing at Yuan 1,400/mtu, already close at the domestic miner’s acceptance limit,’ the trader said.
More molybdenum product: http://www.molybdenum.com.cn
Tel: 0592-5129696 Fax：0592-5129797
E-mail:
This email address is being protected from spambots. You need JavaScript enabled to view it.
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
sales@chinatungsten.com