Monthly Molybdenum Market Report Apr 2021
2021-05-12 18:25:53 【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 April, the stainless steel prices stayed in a stalemate, and steel mills could maintain good profit, which brought an effective support to the price rise of molybdenum. At the same time, steel mills increased their purchase volume and molybdenum raw material prices moved up accordingly. Downstream molybdenum products all increased accordingly. Most insiders hold optimistic attitude for the market tendency.
In international market, inquiries from traders kept active, dealing volume and prices all increased. As market inventory keeps in a low level, most insiders' attitude changed from watching to optimistic.
In April, the stainless steel prices stayed in a stalemate, and steel mills could maintain good profit, which brought an effective support to the price rise of molybdenum. At the same time, steel mills increased their purchase volume and molybdenum raw material prices moved up accordingly. Downstream molybdenum products all increased accordingly. Most insiders hold optimistic attitude for the market tendency.
In international market, inquiries from traders kept active, dealing volume and prices all increased. As market inventory keeps in a low level, most insiders' attitude changed from watching to optimistic.
