Uncomfortable supported molybdenum market , merchants traded difficulty

Molybdenum crucible market : Today, 30-38 % of low-grade molybdenum concentrate prices in 1330-1370 yuan / ton degrees ; conventional 40-45 % molybdenum mainstream price 1360-1390 yuan / ton level , the actual transaction price 1350-1380 yuan / ton degree range, 45% molybdenum mainstream price 1380-1400 yuan / ton , high grade of 47% or more molybdenum mainstream price 1400-1420 yuan / ton degrees near the actual turnover of 1390-1410 yuan / ton degrees. Molybdenum market conditions remain deserted no significant improvement , businesses bearish outlook , the market operator wishes low. High turnover venue is difficult , some manufacturers unstable state of mind , when you have low turnover conditions emerge .
Ferro molybdenum market : because manufacturers own inventory and production costs are different, there are also significant differences in external offer , but overall little change , still at a relatively steady state. Currently 60 mainstream molybdenum prices remained at 9.5-9.7 yuan / ton near mainstream acceptance 9.8-9.9 yuan / ton. Recently been deserted in the market under the pressure of 60 molybdenum acceptance offer across the board fell to 100,000 yuan / ton level . The offer does not give manufacturers to bring low turnover to improve the situation . Downstream market is still relatively quiet for fear of limiting late molybdenum market trend . In addition , by the pessimism and low turnover businesses affected in the short term molybdenum prices still difficult to secure.
July 19 LME molybdenum futures remain low for several days offer a smooth , March molybdenum offer 20,000 / $ 21,000 / ton ; 15 -month molybdenum Quote 20720 / $ 21,720 / ton , LME molybdenum positions of 216 hands. Today newsletter : full liberalization of the central bank lending rate controls, cancel Qizhe interest rate floor ; central bank cut overcapacity in the industry to new loans ; G20 Finance meeting clearly economic growth priority , not in favor of easing out .
The external market : According to the outer disk quote shows that nearly two months deserted abnormal market conditions in Western Europe , the downstream market is being seriously affected by the summer season , business numerous difficulties . Upstream molybdenum market shocks , product demand sluggish , resulting in molybdenum prices fell to the lowest point in recent years . Merchant strong pessimism . U.S. molybdenum prices continued to fall , as fell by a big margin , the latter will affect the domestic buyers or psychological expectations .
Internal Market : The current market as a whole is difficult to effectively alleviate the tension , stainless steel and other downstream markets are underperforming , which fails upstream market for molybdenum play a supporting role . Therefore, no significant molybdenum market support , and the prices low volatility run based. Venue wait and see mood strong, taking into account the investment risk, lack of confidence in business-to cover their short positions . Product prices remain low , while the actual transaction underscores the severity of the market . External molybdenum commodity prices fall by a big margin , post or will adversely affect the domestic market . We expect short-term outlook or molybdenum still continued a slight downward trend .