Monthly Molybdenum Market Report Jun 2020
2020-07-15 18:44:17 【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 June, due to the weak downstream demand in the overseas market, the overseas molybdenum concentrate supply was relatively sufficient, and a large amount of the material poured into China, leading to the falling domestic molybdenum prices. Due to soft demand, molybdenum and ferromolybdenum prices in the international market continued to fall. Because of the influx of imported molybdenum concentrate, prices for molybdenum concentrate in Chinese market fell sharply. Prices for ferromolybdenum in China decreased with those for molybdenum concentrate. Domestic ammonium molybdate suppliers continued to reduce prices to promote transactions. Prices for sodium molybdate, ammonium heptomolybdate and high-purity molybdenum oxide continued to fall, and the market saw rare transactions. Molybdenum powder and molybdenum deep-processing products prices fell significantly due to the soft downstream demand.
In June, due to the weak downstream demand in the overseas market, the overseas molybdenum concentrate supply was relatively sufficient, and a large amount of the material poured into China, leading to the falling domestic molybdenum prices. Due to soft demand, molybdenum and ferromolybdenum prices in the international market continued to fall. Because of the influx of imported molybdenum concentrate, prices for molybdenum concentrate in Chinese market fell sharply. Prices for ferromolybdenum in China decreased with those for molybdenum concentrate. Domestic ammonium molybdate suppliers continued to reduce prices to promote transactions. Prices for sodium molybdate, ammonium heptomolybdate and high-purity molybdenum oxide continued to fall, and the market saw rare transactions. Molybdenum powder and molybdenum deep-processing products prices fell significantly due to the soft downstream demand.
