12th Rare Earth Summit
May 27-28, 2021
Hangzhou, Zhejiang, China
11th Aluminum Raw Materials Summit
May 20-21, 2021
Hangzhou, Zhejiang, China
9th Magnesium Summit
April 15-16, 2021
Hangzhou, Zhejiang, China
13th World InBiGeGa Forum
March 25-26, 2021
Hangzhou, Zhejiang, China
7th World Antimony Forum
June 13-14, 2019
Changsha, Hunan, China
7th Refractory & Abrasive Materials Summit 2019
May 23-24, 2019
Qingdao, Shandong, China
10th Aluminum Raw Materials Summit
May 16-17, 2019
Zhengzhou, Henan, China
11th Rare Earth Summit
May 9-10, 2019
Qingdao, Shandong, China
8th Magnesium Summit
April 11-12, 2019
Zhuhai, Guangdong, China
12th World InBiGeGa Forum
March 14-15, 2019
Zhuhai, Guangdong, China
6th World Manganese & Selenium Forum
May 21-22, 2018
Hainan Sanya, China
Monthly Molybdenum Market Report Jul 2020
2020-08-14 14:24:45 【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 July, 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 raw materials, the molybdenum concentrate prices in Chinese market fell below the costs of miners, and thus they began to sell at low prices. Prices for ferromolybdenum in China decreased with those for molybdenum concentrate. Domestic ammonium molybdate suppliers continued to reduce prices to promote transactions due to lower prices for raw materials. 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.
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In July, 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 raw materials, the molybdenum concentrate prices in Chinese market fell below the costs of miners, and thus they began to sell at low prices. Prices for ferromolybdenum in China decreased with those for molybdenum concentrate. Domestic ammonium molybdate suppliers continued to reduce prices to promote transactions due to lower prices for raw materials. 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.
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