Difficult to be optimistic about the market outlook , molybdenum prices rebounded difficult

Molybdenum target market : today's domestic molybdenum prices remained stable , low-grade molybdenum concentrate 30-38 % price 1330-1370 yuan / ton degrees ; conventional 40-45 % molybdenum mainstream price 1350-1390 yuan / metric ton , 45% molybdenum mainstream price 1370-1390 yuan / ton , high -grade 47% or more molybdenum mainstream price 1390-1410 yuan / ton degrees nearby. Due to the low asking price is difficult to pick up signs , business pessimism darker , and the operation will to a great impact on the trend of late with molybdenum mixed views . However , the overall attitude of the more negative , the latter eagerly awaited boost.
Ferro molybdenum market : Current 60 molybdenum mainstream prices remained at 9.5-9.6 yuan / ton near mainstream acceptance 9.7-9.8 yuan / ton , steel mills for 60 tender acceptance molybdenum price 9.5-9.6 yuan / ton or so. External offer some manufacturers also not a major adjustment . Although the market is poor, but difficult to achieve low volume improved. No significant change in the market inquiry , some manufacturers take a small amount of goods based. Outer disk has not been conducive to the good news came , the venue businesses continue to stay on the sidelines .
July 24 LME molybdenum futures quotations March period and the 15 -month return to the original low level, in March of molybdenum offer 20,000 ( up 1,000 ) / 21,000 ( up 1,000 ) dollars / ton ; 15 -month molybdenum Quote 20700 ( up 995 ) / 21700 ( up 995 ) dollars / ton , LME molybdenum positions of 216 hands. Today newsletter : steady growth policy Wave: Railway Construction trade tripartite benefit small and micro enterprises ; China July HSBC PMI fell to 47.7 preview value , the highest 11-month low ; Eurozone July PMI initial two-year high .
The external market : the same as with the previous , Western molybdenum market prices still continued downward trend , product prices continue downward adjustments. Macroeconomic more sluggish , sluggish demand difficult to alleviate the situation , the price is hard to be supported , businesses serious pressure . U.S. molybdenum prices relatively stable, but the overall trend is stable and weak to run . External sharply lower molybdenum market conditions , on the Chinese market have an important indirect effects .
Internal market : current external market molybdenum prices in recent years appears low, a larger range of products fell , which caused widespread concern in domestic businesses . Depending on the external reports, with the domestic and international market price of great contrast , some manufacturers and traders to reduce production costs , raw materials imported from abroad molybdenum . In addition , there are also some traders imported for resale through trade. Expected future China market increased demand for external products , or will the external market conditions play a supporting role. Molybdenum no significant improvement in the domestic market are signs , some products still continued to fall , businesses expected worse , we expect short-term molybdenum prices continue downward or remained bottomed channels.