Molybdenum bars offers remain high in the face of low demand

BEIJING (Asian Metal) 13 Nov 09 – Apparently encouraged by the relatively high ferromolybdenum price and the fact that not much of old stock of molybdenum bars 99.8% remaining in inventory in warehouse Rotterdam, Chinese suppliers of the latter have raised their offers and now wide-ranged USD35.Asian Metal Copyright00kg d.Asian Metal Copyright00-41.50/kg Mo for release to customer.Asian Metal Copyright00-41.Asian Metal Copyright

And whilst suppliers who offered material at the higher end have no chance doing business, a European source whose offers fall much lower within the range expressed confidence European buyers (end-users) would accept their offers because the latter has been undercut by the fact that not too much, if any, of the old stock is still available and most offers are above well what end-users had been paying, USD31.00-32.00/kg, a level that is impossible to get for replacement from Chinese supplier who seem not aggressive to let go material.Asian Metal Copyrightd.Asian Metal Copyright

Another source argued the Armenian material is in briquette and of low quality. The source is positioning for enquiries and expects a floor bids of USD37.00/kg, adding, "It's just a matter of time and the old stock that had depressed the market is gone.Asian Metal Copyright00-36.Asian Metal Copyright"

However, a little bit of contradiction also currently serves as caution to suppliers and end-users, for whilst some suppliers of molybdenum bars 99.8% insist on USD35.Asian Metal Copyright00kg d.Asian Metal Copyright00-36.00/kg Mo, Asian Metal learnt of undisclosed tonnage of molybdenum plate concluded to an end-user at USD33.00/kg d.Asian Metal Copyright50kg Mo for release to customer.Asian Metal Copyrightd.Asian Metal Copyright00kg, adding, "It's just a matter of time and the old stock that had depressed the market is gone.Asian Metal Copyrightp.Asian Metal Copyrightd.Asian Metal Copyright (delivered duty paid).Asian Metal CopyrightAnd whilst suppliers who offered material at the higher end have no chance doing business, a European source whose offers fall much lower within the range expressed confidence European buyers end-users would accept their offers because the latter has been undercut by the fact that not too much, if any, of the old stock is still available and most offers are above well what end-users had been paying, USD31.Asian Metal Copyright

An insider weighed in, and argued, that in as much as end-user demand remains low, dealers and Chinese suppliers might have to wait a little bit longer to achieve that price, submitting the driving force of any price movement is demand behaviour, which is currently not having many positives.