Monthly Molybdenum Market Report Aug 2019
2019-09-17 18:01:31 【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 August, the international market saw weak demand due to holiday and prices edged down. Steel mills postponed bidding invitation in early August; demand for ferromolybdenum in China kept decreasing in the whole month. Ferromolybdenum prices were stable first and dropped in the latter part of August. Supported by raw material costs, prices in molybdenum chemical industry increased. Downstream transactions in molybdenum deep-processing industry were limited and molybdenum powder prices kept flat. Prices for molybdenum concentrate saw sharp increase.
In August, the international market saw weak demand due to holiday and prices edged down. Steel mills postponed bidding invitation in early August; demand for ferromolybdenum in China kept decreasing in the whole month. Ferromolybdenum prices were stable first and dropped in the latter part of August. Supported by raw material costs, prices in molybdenum chemical industry increased. Downstream transactions in molybdenum deep-processing industry were limited and molybdenum powder prices kept flat. Prices for molybdenum concentrate saw sharp increase.
