Molybdenum Market Report October 2015

International molybdenum prices dropped sharply in early October due to weaker demand and few activities.Asian Metal CopyrightInternational molybdenum prices dropped sharply in early October due to weaker demand and few activities.Asian Metal Copyright Influenced by that, Chinese molybdenum concentrate prices also fell rapidly.Asian Metal Copyright However, with the starting of new round of tenders at the end of the month, the prices may be pressed down by major steel mills.Asian Metal Copyright However, along with the slight recovery of market activity and the fact that some foreign molybdenum oxide and ferromolybdenum producers had suspended production, the international molybdenum prices started to level off and even bounced back by small scale in late October, although deals were still limited.Asian Metal Copyright However, along with the slight recovery of market activity and the fact that some foreign molybdenum oxide and ferromolybdenum producers had suspended production, the international molybdenum prices started to level off and even bounced back by small scale in late October, although deals were still limited.Asian Metal Copyright Similarly, molybdenum prices in the Chinese market also started to stabilize during that period.Asian Metal Copyright However, with the starting of new round of tenders at the end of the month, the prices may be pressed down by major steel mills.Asian Metal Copyright However, with the starting of new round of tenders at the end of the month, the prices may be pressed down by major steel mills.Asian Metal Copyright Influenced by that, Chinese molybdenum concentrate prices also fell rapidly.Asian Metal Copyright In molybdenum chemicals market, the activity has been at the lowest level among all the molybdenum products, and producers, in face of great pressure from environment protection, weakened demand and rare activity, found it very difficult to strike deals.Asian Metal Copyright However, with the starting of new round of tenders at the end of the month, the prices may be pressed down by major steel mills.Asian Metal Copyright