Monthly Molybdenum Market Report Dec 2019
2020-01-14 17:13:16 【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 December, the international market saw price rise due to increasing demand. Besides, some suppliers didn't make offers during the Christmas holiday, causing firm prices. Chinese molybdenum market saw an uptrend. Raw material molybdenum concentrate prices moved up as the increasing bidding invitation from downstream steel mills to buy ferromolybdenum led to increase of demand and tight supply of spot materials. Although steel mills raised the bidding volume for ferromolybdenum, ferromolybdenum bidding prices only edged up and spot prices for ferromolybdenum moved up slightly due to tight supply. Prices for sodium molybdate increased as downstream demand improved sharply. Due to sluggish downstream demand, prices for ammonium molybdate remained relatively flat. Prices for molybdenum powder, molybdenum bar, molybdenum wire and molybdenum rod maintained stable.
In December, the international market saw price rise due to increasing demand. Besides, some suppliers didn't make offers during the Christmas holiday, causing firm prices. Chinese molybdenum market saw an uptrend. Raw material molybdenum concentrate prices moved up as the increasing bidding invitation from downstream steel mills to buy ferromolybdenum led to increase of demand and tight supply of spot materials. Although steel mills raised the bidding volume for ferromolybdenum, ferromolybdenum bidding prices only edged up and spot prices for ferromolybdenum moved up slightly due to tight supply. Prices for sodium molybdate increased as downstream demand improved sharply. Due to sluggish downstream demand, prices for ammonium molybdate remained relatively flat. Prices for molybdenum powder, molybdenum bar, molybdenum wire and molybdenum rod maintained stable.
