【China Molybdenum Industry News Network】

Molybdenum concentrate market : recent domestic molybdenum concentrate market maintained steady momentum, demand has not yet improved. Late holidays approaching, some merchants began finishing operation. Current grade molybdenum concentrates more than 40% of conventional mainstream price 1410-1440 yuan / ton level , the mainstream transaction 1400-1420 yuan / ton degrees, more than 47% of high-grade molybdenum concentrate quotes and in 1440-1460 yuan / ton level . Existing businesses maintain a small ship, but profit margins remain small. Difficult to raise product prices , turnover no improvement . Part of the miner said that the current operation of the market calm, more businesses to maintain a small operation, no improvement in overall demand and external market situation is difficult to release positive news , the probability of molybdenum concentrate rally appears unlikely . Maintain downstream buyers wait , the higher the intention of low-cost resources .

Ferro molybdenum market : long-term foreign quote molybdenum iron manufacturers remained stable compared to the downstream steel tender slow change , molybdenum product demand has not been significantly improved. In addition , steel prices rose less tender , limited ferro molybdenum market forces . Molybdenum iron inside 60 cash offer in mainstream 9.7-9.8 yuan / ton nearby ; mainstream acceptance rates 10-10.2 yuan / ton range, the actual transaction levels continue to remain at the low range . There are traders said molybdenum iron remained at 9.7-9.9 cash quote yuan / ton , the actual transaction or floating slightly , but the change is limited. Demand deserted , bulk deal also limited in order to maintain the current and old customers to complete the pre-orders and shipments based.

External market : After holiday , external market gradually restored , businesses began to enter the market operation, the venue has never driven a lively atmosphere . Affected businesses are expected early optimism , the recent external molybdenum prices continue to rise . With supply and demand conditions late into the normal track , the venue product prices are expected to return to a rational adjustment of status. So, overall, the health of the external molybdenum market remains relatively preferences.

Internal market : demand is not difficult to change the state , while cost pressures are relatively large manufacturers . Market trends to maintain silence, some products price change dilemma . Although the downstream end portion of their purchases to cover short positions in a timely manner , but overall demand is low willingness to make high turnover products increase the difficulty of the buyer . Divergence inside the business , the market outlook is slightly pessimistic. Hope molybdenum concentrate business or inflation expectations fall , so enter the shutdown state. Molybdenum iron manufacturers continue to wait and see, to maintain normal operations, multi -order , so inventory pressure is not great. Other molybdenum prices are also in the maintenance of stability running trend. We expect stable operation before the holiday molybdenum market is the mainstream , or accompanied by slight fluctuations.

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