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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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Euromoney Institutional Investor PLC.
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