MetalBulletin reported that Jiang Zhongqiang, general manager of the sales arm of China Molybdenum Co. Ltd. (HKEX:3993), said this week that the Chinese molybdenum market may “remain in a fragile balance” in 2014.

As quoted in the market news:

China’s molybdenum demand is expected to be 18,000 tonnes in the fourth quarter, according to Jiang. ‘We believe domestic demand would pick up between the fourth quarter and the [Chinese new year] holidays, a period that has [traditionally] been busy season for ferro-molybdenum consumption…’

Click here to read the full MetalBulletin report.