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Chinese Moly Concentrate Prices Rising This Week
Aug. 27, 2013 10:36AM PST
Industrial Metals Investing
MetalBulletin reported that Chinese molybdenum concentrate prices have been gaining this week, with the spot price for moly concentrate with 45-percent metal content now sitting at $232 to $234 per metric ton.
MetalBulletin reported that Chinese molybdenum concentrate prices have been gaining this week, with the spot price for moly concentrate with 45-percent metal content now sitting at $232 to $234 per metric ton.
As quoted in the market news:
The spot price of molybdenum concentrate 45% metal content stands at 1,430-1,440 yuan ($232-234) per mtu, up 10 yuan from last Friday. Most major stainless steel and special steel mills have returned to the market this week for restocking.
Click here to read the full MetalBulletin report.