Monthly Molybdenum Market Report May 2020
2020-06-17 18:26:17 【Print】
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1. Market Highlights
Molybdenum prices rose sharply in early May and then fell greatly in mid-to-late May as the supply of raw materials increased and downstream demand weakened. Affected by COVID-19, the international molybdenum market demand was soft, and Chinese molybdenum prices have a great impact on the international ones. Due to strong downstream demand in early May, domestic molybdenum concentrate prices rose sharply before May 11, and then fell significantly due to increased supply and weak downstream demand. From May 1 to May 10, ferromolybdenum prices in China rose along with those for the raw material molybdenum concentrate, and then kept falling before May 20. After that, they were weakly stable. Price for ammonium molybdate in China rose first and then fell supported by the prices for raw materials. As the downstream users refused high prices, suppliers held high inventories in late May, with prices dropping further. Sodium molybdate prices were stable on the whole, and the market saw limited transactions. Prices for molybdenum powder and molybdenum deep-processing products were weakly stable due to soft downstream demand.
Molybdenum prices rose sharply in early May and then fell greatly in mid-to-late May as the supply of raw materials increased and downstream demand weakened. Affected by COVID-19, the international molybdenum market demand was soft, and Chinese molybdenum prices have a great impact on the international ones. Due to strong downstream demand in early May, domestic molybdenum concentrate prices rose sharply before May 11, and then fell significantly due to increased supply and weak downstream demand. From May 1 to May 10, ferromolybdenum prices in China rose along with those for the raw material molybdenum concentrate, and then kept falling before May 20. After that, they were weakly stable. Price for ammonium molybdate in China rose first and then fell supported by the prices for raw materials. As the downstream users refused high prices, suppliers held high inventories in late May, with prices dropping further. Sodium molybdate prices were stable on the whole, and the market saw limited transactions. Prices for molybdenum powder and molybdenum deep-processing products were weakly stable due to soft downstream demand.
