The First Half of 2015 Molybdenum’s Market

The first half of 2015, China's domestic molybdenum market showed a continued downward trend. In the first quarter by the impact of the Chinese New Year holidays, molybdenum concentrate had limited in stock, although the lack of demand, but the price decline is not very large. In the second quarter, although there are a series of initiatives to promote the molybdenum market, but as demand continued to decline, supply continued to increase, while imports of raw materials on the domestic raw materials market also caused a greater impact, so product prices fell to a lower price. According molybdenum and comelan website average price showed the first half of 2015 the average price of molybdenum concentrate was RMB 1,122.09 yuan/ton, down 20.14%. The lowest price is 990 yuan/ton and the highest price is RMB 1,260 yuan/ton. The first half of 2015 the ferro molybdenum (60% Mo) average price is 78,200 yuan/ton, down 19.38%. The lowest price of ferro molybdenum is 70,000 yuan/ton and the highest price of it is 87,000 yuan/ton. The first half of 2015, affected by the lack of demand, international molybdenum prices also showed a continued downward trend. The first quarter of 2015, the global steel industry was dismal performance and molybdenum market demand continues to not busy. Besides, traders purchase is fatigue, so the international price of molybdenum oxide shock decline. Oil prices continued to decline in the second quarter, the downstream demand continues to slump, coupled with China's export tariffs canceled which cause international markets panic and molybdenum price down under such pressure. According to the International MW prices in the first half 2015 MW average molybdenum oxide price is $ 7.98/pound, down 32.37%, the lowest price was $6.20/pound and the highest price is $ 9.45 / pound.