Monthly Molybdenum Market Report May 2021
2021-06-15 08:13:59 【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 May, the stainless steel prices kept increasing and steel mills could make good profit, which brought an effective support to the price rise of molybdenum. However, due to the sufficient supply of ferromolybdenum market, molybdenum prices touched the price peak and came into a stalemate period by the end of this month. Most insiders hold optimistic attitude.
In international market, inquiries from traders kept active, dealing volume and prices all increased a lot. As market inventory keeps at a low level, insiders hold optimistic attitude for the market tendency.
In May, the stainless steel prices kept increasing and steel mills could make good profit, which brought an effective support to the price rise of molybdenum. However, due to the sufficient supply of ferromolybdenum market, molybdenum prices touched the price peak and came into a stalemate period by the end of this month. Most insiders hold optimistic attitude.
In international market, inquiries from traders kept active, dealing volume and prices all increased a lot. As market inventory keeps at a low level, insiders hold optimistic attitude for the market tendency.
