Monthly Molybdenum Market Report Jan 2018
2018-02-09 18:40:17 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1. Market Highlights
During January, transactions in both the Chinese and international molybdenum markets were active and prices moved up all the way to the yearly new highs to be followed by adjustive fluctuations. In the international market, buyers were active in making enquiries and prices kept hitting new highs but began to slow down in the upward movement in late the month. In the Chinese molybdenum market, boosted by miners' high quotations for molybdenum concentrate, prices along the whole molybdenum industrial chain went up with strong momentum, with ferromolybdenum prices going up most rapidly. But with the Spring Festival approaching, some small-sized producers and traders set out to make sales at low prices in order to clear off their stocks, thus dampening to some extent the quick upward momentum in molybdenum products' prices.
During January, transactions in both the Chinese and international molybdenum markets were active and prices moved up all the way to the yearly new highs to be followed by adjustive fluctuations. In the international market, buyers were active in making enquiries and prices kept hitting new highs but began to slow down in the upward movement in late the month. In the Chinese molybdenum market, boosted by miners' high quotations for molybdenum concentrate, prices along the whole molybdenum industrial chain went up with strong momentum, with ferromolybdenum prices going up most rapidly. But with the Spring Festival approaching, some small-sized producers and traders set out to make sales at low prices in order to clear off their stocks, thus dampening to some extent the quick upward momentum in molybdenum products' prices.
