9.3 Molybdenum: Molybdenum prices less vulnerable consolidation market transactions

molybdenum platingt: Recently reported domestic molybdenum price level, 45% of the mainstream Luanchuan molybdenum offer in 1570-1500 yuan / ton degrees, high-grade prices slightly higher. Although many pre-molybdenum prices rose slightly, but the actual market demand is still insufficient, turnover is still relatively light, the market outlook is expected not high. Downstream prices of molybdenum products trading, short-term domestic molybdenum market transactions or once again into a stalemate.

Ferro molybdenum market: current trends of external economies exist many uncertainties, as downstream markets molybdenum, stainless steel, steel and other market remains in the doldrums, some manufacturers or at a loss. Traditionally, steel mills this month as the first month after the summer, this should be improved. But there are indications that the trend this year is different from previous years, the steel city. Therefore, molybdenum market trend by downstream demand restrictions, price fluctuations, no greater good performance. Short-term domestic ferro molybdenum market will remain weak correction state.

August 31 LME Molybdenum tube s price remains stable. March of molybdenum offer 26,000 / $ 27,000 / ton; 15-month molybdenum Quote 26875 / $ 27,875 / ton, LME positions 216 of molybdenum hand down 6. Today newsletter: China August manufacturing PMI was 49.2%, a decline of 0.9 percentage points; August CPI or bottoming out, is expected to rise to 3% by the end; Eurozone July unemployment high.

Recent foreign molybdenum oxide, molybdenum and iron prices remain low in the slow recovery in the domestic molybdenum market prices rose slightly after a burst in the early start at level. Steel City market downturn has not changed, "golden nine silver ten" is difficult to be a good realization, so the latter promoting the limited market for molybdenum. Molybdenum market demand is limited, although some manufacturers offer higher molybdenum, but traded flat. Waste molybdenum market remains calm, lack of demand, low prices, while supply is difficult to close, waiting to see who the majority. Saddle Ridge is expected in the short term molybdenum market prices or steady wire.