Molybdenum Market Report April 2016
2016-05-23 08:53:36 【Print】
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Although demand had been lackluster in the Chinese molybdenum market throughout the month of April, prices for molybdenum products started to rally in late April helped by supply shortage in raw materials and continuous price rebound in the steel market
. Particularly, prices for molybdenum concentrate and ferromolybdenum picked up rapidly . However, after prices went up, the molybdenum concentrate market witnessed limited activity as consumers were hard to secure the material due to the supply shortage in the spot market . Producers of molybdenum chemical started to take a watchful approach with some of them even stopping offering prices; however, transaction prices encountered greater resistance subject to weakening demand . By the end of April, the molybdenum products market had yet to be affected.