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Chinese moly conc prices stop falling

July 19, 2010 - 07:56 GMT Location: Shanghai

KEYWORDS: China , molybdenum , concentrate , ferro-molybdenum

Chinese molybdenum concentrate prices have stopped falling after some buyers returned to the market.

Prices of molybdenum concentrate fell to 1,900-1,930 yuan ($280-285) per mtu on July 9 and have stayed there ever since. "We received an increasing number of price enquiries last weekend, and have sold 100 tonnes at 1,900 yuan," said a miner in Henan province. However, buyers are finding it difficult to procure...

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