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.
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.
