Molybdenum News Center

The Review of August Ferromolybdenum Domestic Market

Price movements aspects: Although little change overall trend Steel City, more investors are not overly optimistic about the market outlook for the steel that late improvement is more limited, but that does not stop this month domestic molybdenum market prices rebound. In molybdenum prices continue to rise, driven, taking into account the increase in production costs, manufacturers have molybdenum market very price. As the pre-market deserted, more factory orders less, so businesses have to maintain low output and low inventory. Emergent signs of improvement in the current market, businesses not cheap, and the timely adjustment of product prices. In late August after the adjustment, the domestic 60 molybdenum prices exceeded 100,000 yuan / ton level. Current mainstream cash price 10-10.1 yuan / ton, acceptance 10.3-10.4 yuan / ton. The situation is different because of the business itself, the actual turnover is also under pressure, some manufacturers slightly improved demand response, there are businesses that inquiry is still no significant change. Market trend is up, the business outlook is optimistic attitude concentrated.

Steel tenders: July 60 major domestic steel mills ferro molybdenum tender prices at 9.5-9.7 yuan / ton, ranging from low levels in August after a large smelter and some very price consistent supplier insistence, refusal of foreign low-cost supplier, forcing mills tender prices to new highs. Plus production costs, late, more iron-molybdenum steel for 60 tender prices have rebounded to 100,000 yuan / ton. If the post-peak season demand, the venue of some products prices continue to improve, they may continue mills levels remain in the uplink channel.

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