CHINA MOLYBDENUM SNAPSHOT: Prices spike on tight supply, seasonal demand; bull market to last til August-end

By Karen Ng / August 02, 2018 / www.metalbulletin.com / Article Link

Key data from Metal Bulletin's Wednesday August 1 pricing session in China

Molybdenum concentrate MB Chinese free market, 45% Mo, in-warehouse China, RMB/mtu Key drivers:- Solid market fundamentals have lifted molybdenum concentrate prices in domestic China, leading prices to rise by more than 8%- Last week alone, prices rose more than 3% (1,590 yuan ($233.29) per metric tonne unit...

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