Metalnewsnet 20 May ： According to the internation market information yesterday night, the Ferro Molybdenum market in Europe is dropping again; no big chang take place in American market.In European market, the price is 41-43 USD/kg, which is cut down by 0.5 USD/kg. In American market, it is 21.5-22 USD/pound, no change at all for the time being. Although the mainstream price is not affected today, a few manufacturers adjust the price to 145,000 yuan/ton.Market demand is unsufficient in both China and overseas countries. It is rather sluggish. Influenced by the price dropping abroad and market demand, the domestic market of Ferro Molybdenum is potential to go downward too.As to Molybdenum Oxide, both the European and American market has begun a downward trend. In Europe, the price is 16.75-17.25 USD/pound, which is reduced by 0.25 USD/pound. In America, the price is 17-17.25 USD/pound, which is decreased by 0.75 USD/pound. However, the domestic market has stayed in steadiness since the end of last week.Nevertheless, the domestic market is hard to avoid the influence from abroad and demand, thus it also has the risk of going downward. |
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