Monthly Molybdenum Market Report Mar 2023
2023-04-12 20:23:17 【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
In March, stainless-steel market demand kept reducing and prices dropped significantly, which brought huge dropping pressure on molybdenum price trend. As steel-mills' bidding volume stayed at a much lower level than market expectation, ferromolybdenum market lost it's confidence and suppliers chose to drop prices to clear inventory. Due to the declining raw material prices, downstream molybdenum chemical products and molybdenum metal consumers all preferred to watch the market. The market saw little confidence and prices maintained slumping due to the high inventory pressure.
In international molybdenum market, due to the weak demand in spot market and sufficient supply in spot market, the market saw negative mentality, and market prices kept moving down.
In March, stainless-steel market demand kept reducing and prices dropped significantly, which brought huge dropping pressure on molybdenum price trend. As steel-mills' bidding volume stayed at a much lower level than market expectation, ferromolybdenum market lost it's confidence and suppliers chose to drop prices to clear inventory. Due to the declining raw material prices, downstream molybdenum chemical products and molybdenum metal consumers all preferred to watch the market. The market saw little confidence and prices maintained slumping due to the high inventory pressure.
In international molybdenum market, due to the weak demand in spot market and sufficient supply in spot market, the market saw negative mentality, and market prices kept moving down.
