Businesses offer strong, late molybdenum market is expected to better

  Molybdenum market: As the stock market is relatively less than normal molybdenum raw materials, downstream manufacturers purchasing more difficult, and the transaction price level has increased from the previous month, some mining companies have slightly increased signs of external offer. 30-38% of low-grade molybdenum concentrate prices in 1350-1400 yuan / ton degrees; conventional 40-45% molybdenum mainstream price 1390-1420 yuan / ton level, 45% molybdenum 1400-1430 yuan / ton degrees , part of the business transaction price 1410-1420 yuan / ton degrees nearby; 47% and more high-grade molybdenum mainstream price 1420-1440 yuan / ton degrees. Demand outlook if timely commenced, molybdenum market is expected to pick up speed.
Ferro Molybdenum target market: Steel City market appears favorable, and the raw material prices firm, molybdenum manufacturers increased production costs, resulting in the recent 60 molybdenum offer improved. Farm cash offer multi maintained at 9.7-9.8 yuan / ton near mainstream acceptance 10-10.1 yuan / ton range. Zhangjiagang Pohang, Guangzhou Lianzhong, TISCO and other mills have recently admitted the tender, the tender quantity is acceptable, but many suppliers offer high psychological price seen very strong support for greater efforts on the market outlook.
August 20 LME molybdenum futures offer the overall trend remained stable, in March of molybdenum offer 19,600 / $ 20,600 / ton; 15-month molybdenum Quote 20320 / $ 21,320 / ton, LME molybdenum positions of 204 hands. Today newsletter: secondary industry investment growth fell to a 10-year low; July decreased 24.474 billion yuan foreign exchange, for two consecutive months reduced; construction output in the euro area in the second quarter increased 1.0 percent, the largest increase in more than two years.