Exchange pessimistic mood , molybdenum prices stabilized difficult

Molybdenum tube market : With the emergence of low-cost market transactions molybdenum , businesses , and market trends are expected to be pulled . Today, 30-38 % of low-grade molybdenum concentrate prices in 1330-1370 yuan / ton degrees ; conventional 40-45 % molybdenum mainstream price 1370-1400 yuan / ton , high grade of 47% or more molybdenum mainstream price 1400-1420 yuan / ton degrees nearby. Luanchuan traders said the market price frequently emerge , some manufacturers to reduce inventory pressure and post- risk , foreign low-cost shipping phenomenon obviously . Middlemen difficult to profit , multi-use "back to back " mode of operation. The latter does not rule out the possibility of further price decline , the market uncomfortable support.
Ferro molybdenum market : With the continuation of raw materials market decline , as well as increased demand deserted , molybdenum market is still under pressure greater . Currently 60 mainstream molybdenum prices remained at 9.5-9.7 yuan / ton near mainstream acceptance 9.8-9.9 yuan / ton. Manufacturers have said that the current production cost of some manufacturers in the 90,000 yuan / tons , the latter , although raw material prices or market lower. It is reported that the current market has low price. Businesses expected worse , some businesses that do not rule out the latter fell below 90,000 yuan / ton possible. Difficult short-term favorable factors to boost the price declines Nanzu .
July 18 LME molybdenum futures offer low maintenance , post volatility or not, in March of molybdenum offer 20,000 / $ 21,000 / ton ; 15 -month molybdenum Quote 20720 / $ 21,720 / ton , LME molybdenum positions of 216 hands. Today newsletter : Ministry urged all localities to report within two weeks revitalize the stock solution ; hair - NDRC official : new urbanization emphasizes institutional change , no central funding ; January to April German exports to China since 1997, the first drop.
The current domestic market deserted molybdenum severe degree higher than last year , some products prices hit new lows . With the aggravation of panic business outlook , as well as some manufacturers inventory increases, prices could stabilize stabilized surviving questioned. Overall, more businesses pessimism darker inside , although market transactions poor condition , but no lack of business cheap goods to go sign. Some still in operation traders take Kuaijinkuaichu way to avoid operational risks . Other molybdenum prices remain low , business orders scarce and difficult to maintain operation. Short-term market difficult to pick up after the summer inside many businesses expect to have improved. We expect that in the business mentality unstable under the influence of the late part of the product prices are still down possible.