[Molybdenum] China molybdenum market prices remain stable

This week, the flotation has been stable, Luanchuan maintain 4400 -4450 yuan / ton of Price, Other areas in the month remained at 4350 -4400 yuan / ton, prices were little changed.
Transactions, merchants reflect, it is now a very small number of people goods and transactions are very scarce. And the price, many businesses have expressed reluctance to export, so the market is relatively deserted. Iron and molybdenum reflect manufacturers now 4,350 yuan / tons of molybdenum are reluctant to purchase, thinks that the price is too high. After all, molybdenum Rail rates also remained at a state of decline.
Ferro molybdenum, the current mainstream Price 28 -29.5 million, and with molybdenum to be the case, the goods with fewer people. transactions are relatively small. But manufacturers reflect, and next week the market may be steel procurement, ferro molybdenum market expectations have improved, at least prices will decline further, then the price of molybdenum will not be significantly lowered.
On the current situation, low price of molybdenum businesses not selling products, and supply and demand Sheng sufficient. Therefore, the industry is expected to have the outlook of molybdenum continue to be mainly steady, with some minor fluctuations.