Copying and distributing are prohibited without permission of the publisher

Outlook gloomy for moly conc in China

June 26, 2014 - 05:18 GMT Location: Shanghai

KEYWORDS: China molybdenum , moly

China’s molybdenum concentrate prices fell this week amid rising mid-year liquidity pressure and low purchasing prices by local steel mills.

On Wednesday June 25, molybdenum concentrate of 45% content was trading at 1,320-1,350 yuan ($214-219) per tonne, compared with 1,320-1,380 yuan per tonne last week.  "Everyone is in a tight liquidity situation right now," an analyst said. June is usually when companies settle half-year loans by local banks. Market participants said that molybdenum concentrate...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

subscribe to this feed Comment & analysis

Upcoming Events

MB Glossary

From Aluminium to Zinc...
Search this free glossary on metals

Try the new Metal Bulletin BETA site...

We've added some great new features and tools which we think you'll find useful including:

  • Easier to find the content suitable for you
  • Improved Price Book functionality
  • Better search function

Simply click 'Yes please' below to go straight to the BETA site (you can return to the original site any time you wish).