The analysis of Chinese molybdenum concentrate price trend
2012-12-14 17:37:44 【Print】
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The three large molybdenum producers, Jinduicheng, Luoyang Molybdenum Group and Longyu Molybdenum, have halted the sale since September. Most producers in the Northeast China have no spot material due to the cold weather
. On the other hand, the downstream industry has rigid release with most participants buying on as-needed basis and not many stocks . If the requirement is larger, they will buy the material in the market . While the supply is tight now, there comes up phenomenon of unavailability of material . Thus, the price increases with the supply and demand.