Monthly Molybdenum Market Report May 2020
2020-06-17 18:26:17 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
1. Market Highlights
Molybdenum prices rose sharply in early May and then fell greatly in mid-to-late May as the supply of raw materials increased and downstream demand weakened. Affected by COVID-19, the international molybdenum market demand was soft, and Chinese molybdenum prices have a great impact on the international ones . Due to strong downstream demand in early May, domestic molybdenum concentrate prices rose sharply before May 11, and then fell significantly due to increased supply and weak downstream demand . From May 1 to May 10, ferromolybdenum prices in China rose along with those for the raw material molybdenum concentrate, and then kept falling before May 20 . After that, they were weakly stable . Price for ammonium molybdate in China rose first and then fell supported by the prices for raw materials . As the downstream users refused high prices, suppliers held high inventories in late May, with prices dropping further . Sodium molybdate prices were stable on the whole, and the market saw limited transactions . Prices for molybdenum powder and molybdenum deep-processing products were weakly stable due to soft downstream demand.
Molybdenum prices rose sharply in early May and then fell greatly in mid-to-late May as the supply of raw materials increased and downstream demand weakened. Affected by COVID-19, the international molybdenum market demand was soft, and Chinese molybdenum prices have a great impact on the international ones . Due to strong downstream demand in early May, domestic molybdenum concentrate prices rose sharply before May 11, and then fell significantly due to increased supply and weak downstream demand . From May 1 to May 10, ferromolybdenum prices in China rose along with those for the raw material molybdenum concentrate, and then kept falling before May 20 . After that, they were weakly stable . Price for ammonium molybdate in China rose first and then fell supported by the prices for raw materials . As the downstream users refused high prices, suppliers held high inventories in late May, with prices dropping further . Sodium molybdate prices were stable on the whole, and the market saw limited transactions . Prices for molybdenum powder and molybdenum deep-processing products were weakly stable due to soft downstream demand.