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China moly market awaits price boost from re-stockingShanghai 31...

  1. KGD
    236 Posts.
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    31/08/09
    14:46
    Post #: 5576775
    China moly market awaits price boost from re-stocking
    Shanghai 31 August 2009 04:53


    Chinese molybdenum prices are likely to rise again in the next month as steelmakers in China and overseas return from holiday and need to re-stock. Molybdenum concentrate prices have dipped to 2,400-2,450 yuan ($351-359) per mtu since mid-August, down from 2,700-2,750 yuan...
    MOL Price at posting: $1.31 Sentiment: Buy Disclosure: Held
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