Monthly Molybdenum Market Report Nov 2019
2019-12-13 17:42:21 【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 November, the international market saw sharp decline of prices due to sluggish demand. In Chinese market, raw material molybdenum concentrate prices kept dropping to mid-November and then stabilized and moved up finally. Ferromolybdenum prices moved down quickly as downstream steel mills forced bidding prices down and raw material prices slid. Due to the great decline of molybdenum concentrate prices, prices for molybdenum oxide, ammonium molybdate, sodium molybdate, molybdenum powder and molybdenum bar went down. However, prices for molybdenum wire and molybdenum rod tended to be stable as the demand from the end of industry chain was relatively steady. This month, steel mills invited bids to purchase more than 10,000t of ferrochrome, so transactions were active in market.
In November, the international market saw sharp decline of prices due to sluggish demand. In Chinese market, raw material molybdenum concentrate prices kept dropping to mid-November and then stabilized and moved up finally. Ferromolybdenum prices moved down quickly as downstream steel mills forced bidding prices down and raw material prices slid. Due to the great decline of molybdenum concentrate prices, prices for molybdenum oxide, ammonium molybdate, sodium molybdate, molybdenum powder and molybdenum bar went down. However, prices for molybdenum wire and molybdenum rod tended to be stable as the demand from the end of industry chain was relatively steady. This month, steel mills invited bids to purchase more than 10,000t of ferrochrome, so transactions were active in market.
