According to market sources, the beginning of active U.S.
molybdenum market,
Zinc Powder price, inventory is low, lower procurement positive prices. The current molybdenum prices have risen to 17.1-17.3 U.S.
dollars / pounds.
Late last year, to keep inventory of consumer minimizing as much as possible, but according to news
traders, consumers are now expected to enhance the business out of its procurement efforts,
Titanium Powder, repeated molybdenum oxide prices rose.
One
tradersaid: "It is not only a problem of low stocks, the real demand isindeed picked up. Steel mills are dependent on stock purchases. GeneralSteel is to be able to delay the purchase of as much as possible todelay, but now they are purchasing is indeed very active .
Demand recovery has alsobeen confirmed by several traders. They said a large U.S. steelmanufacturers to 17.2-17.3 U.S. dollars / pound purchase price ofmolybdenum oxide 2-4 trucks.
Another trader believes that pricesalso indicates strong confidence in economic recovery. Due to increaseddemand from the steel industry, for nearly a month to maintain stablemolybdenum oxide prices have been rising trend.
Prices from 16USD / lb has risen to 17 U.S. dollars / lb above. Another trader said:"17 U.S. dollars / pounds fairly low, and now make up the price did notarrive."
The global molybdenum demand is very strong, prices are expected to continue to rise.
India's and South Korea have begun to buyers purchase access to Western markets.
China'srecent power rationing policies have made a number of small mines stopproduction, the Spring Festival holidays, the output will also bemissing, China is also expected to increase during the molybdenumimports.
The traders also believe that if the producer ofmolybdenum price, the market will continue to walk. The reason why theprice remains at $ 17.2 / lb, many manufacturers still in the marketedge, the atmosphere did not feel the market is active,
metal powder, the current supplied goods manufacturers is still very cheap.