petruss....me is dagegen,6 is die zahl des teufels und der puppen ;-)
also seh zu wo du deine kohle unterbringst.....BP wird es nicht mehr werden *gg*
allerdings kann ich mir gut vorstellen das die Q4 zahlen in den letzten tagen eingepreist wurden,soll heissen das es nicht durch die decke gehen muß....es sei denn Ian hat noch nen bonbon für uns in der tasche ;-)
nichts des so trotz is unsere perle unterbewertet,also sollten wir uns nicht mehr lange in dieser range befinden.
hab euch da noch etwas mitgebracht....hab ich gerade gefunden ;-)
mfg
me
China's ferromolybdenum trade is now in the doldrums while offers are in a wide range of $68-73/kg on a CIF basis for shipment to Europe, Japan and South Korea, sources said.
Both sellers and buyers agreed that spot buying interest is weak on the back of talks that the Chinese government will soon implement a quota system on molybdenum product exports.
The offer range has widened, reflecting the sentiment of sellers, rather than the supply and demand fundamentals, one Japanese trader said.
"One seller offers $68-69/kg CIF one day and raises it to $71-72/kg the next day and reduces offer levels again...if they get a buying query, they raise their offers....if they do not get buying queries for two days, they get nervous and offer lower," he said. The last offers the trader received were at $71-73/kg CIF Japan, made Wednesday, for shipment after April.
A South Korean source also said there were some Chinese sellers (who do not expect to be issued quotas) lowering their offer prices sharply. "It's their last chance to sell before the implementation of an export quota," he said, adding that he recently heard less than 80 mt of ferromolybdenum , possibly Chinese origin material, sold at $71-72/kg, duty paid to be delivered to a Korean steel mill.
Given a range of $68-73/kg CIF, Japanese and South Korean buyers said the price level is most likely to be above $70/kg on grounds that prices would definitely rise after the introduction of the Chinese quota system. The buyers noted that ferromolybdenum offers in Europe are $75-80/kg for trade within the region. "If you think this is a crazy price...prices will get craizier," said a second Japanese trader.
Meanwhile, Chinese sellers contacted by Platts highlighted the fact that buying interest had weakened.
One local trader said: "Offer prices from China are down this week as no one is interested in buying. Prices have been rising since early March and demand has cooled down due to high prices." Prices were mostly quoted at a range of $68-69.50/kg in mid-March compared with around $61-62/kg seen in late February.
A source close to Chinese producers said: "Most producers and traders continue to halt exports as they are waiting for the final results of the long-anticipated export quota system likely to come out in end-March or early April."
According to traders, there have been persistent rumors that China would reduce moly-related product exports by about 10% once the new export quota system become effective.
A second trader said: "Talk is that more than half of the exisiting molybdenum producers or traders would not be granted any export quotas as their production and export track records fail to meet the requirements set by the Chinese authority." He added: "Producers and traders are all waiting for the official announcement from the Ministry of Commerce and they simply couldn't care less about exporting any material at the moment in order to minimise any trading risk once the new policy is implemented."
A third trader also noted that ferromolybdenum trade in China was at a standstill this week. "European consumers have not been buying much this week," he said.
Domestic ferromolybdenum prices were now quoted steady at around Yuan 280,000
($36,218)/mt ex-plant, unchanged from a week ago, traders said.
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