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Molybdenum Market Continues to Fall Due to low volume

    Molybdenum market continues to fall in the beginning of this week, price is currently stabilized at around CNY 1050-1060/mtu. Some manufacturers are not even at break even,
    Resentment has been growing among the suppliers in the market. Trader are being cautious, and that had worsened the market situation, therefore low price.
    Fall of the Molybdenum price have given a strike to the manufacturing cost. Weak demand in the downstream market, pressure over quotation, plus other causes together created the depression.