Monthly Molybdenum Market Report Feb 2021
2021-03-12 17:44:41 【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
In February, the stainless steel prices increased suddenly and supported molybdenum market prices increase strongly. At the same time, after the Spring Festival Holiday, insiders came back to the market and inquiries increased significantly. Molybdenum raw materials increased suddenly and the bidding prices of ferromolybdenum from major steel mills moved up a lot, which supported the whole molybdenum market keep increasing. However, only closed small volume at high price level, and the real market didn't follow up the quotation in time. Insiders hold optimistic attitude for the market tendency.
In international market, due to the tight supply in spot market, molybdenum prices increased significantly, but only some traders purchase and sell. End consumers only purchase according need and the market inquiries keep rare though prices moved up suddenly.
In February, the stainless steel prices increased suddenly and supported molybdenum market prices increase strongly. At the same time, after the Spring Festival Holiday, insiders came back to the market and inquiries increased significantly. Molybdenum raw materials increased suddenly and the bidding prices of ferromolybdenum from major steel mills moved up a lot, which supported the whole molybdenum market keep increasing. However, only closed small volume at high price level, and the real market didn't follow up the quotation in time. Insiders hold optimistic attitude for the market tendency.
In international market, due to the tight supply in spot market, molybdenum prices increased significantly, but only some traders purchase and sell. End consumers only purchase according need and the market inquiries keep rare though prices moved up suddenly.
