Chinese Moly Concentrate Prices Take a Fall

Metal Bulletin reported that Chinese molybdenum concentrate prices fell this week due to “rising mid-year liquidity pressure” and “low purchasing prices by steel mills.”

As quoted in the market news:

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.

Click here to read the full Metal Bulletin report.

Get the Latest Molybdenum Investing Stock Information

Get the latest information about companies associated with Molybdenum Investing delivered directly to your inbox.

Molybdenum

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Comments

Leave a Reply