【China Molybdenum Industry News Network】

August 2 LME molybdenum futures quotations temporarily stable trend. March of molybdenum offer 19,600 / $ 20,600 / ton; 15-month molybdenum offer 20,350 / $ 21,350 / ton, LME molybdenum positions of 216 hands. Today's News Briefs: Treasury: considering the introduction of two high-grade consumption tax, resource tax reform metal; eight rail transit project approved, transport infrastructure, "leader" steady growth; Most institutions predict July CPI rose 2.8%.

The external market: According to the outer disk quotes show that the recent Western Europe, molybdenum oxide, iron and other product prices continued to rise, although the rate of increase is less than last week's early, but the overall market trend remains positive, enhance operability market, businesses are expected to relatively good . U.S. molybdenum market protection in a stable state, the macro is not much volatility, expected short-term price fluctuations or obviously does not live.

Internal Market: Recent domestic market trend molybdenum market quickly with pre steadily rising into the current, the slower pace of product price volatility, market demand and turnover situation seems underperforming businesses pushing up the expected slowdown. Molybdenum prices being steady, while the existing foreign quotes and shipments relatively small number of manufacturers, and offer relatively high, low reject out, so the market is low-cost procurement difficult. Molybdenum prices remain relatively high, many manufacturers inventory is low, the bulk of the transaction price is higher. Other molybdenum market volatility is not obvious in the raw materials market support, post-market low maintenance of stability. Saddle Ridge expected future molybdenum market prices or steady upward run.

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