Monthly Molybdenum Market Report Aug 2020
2020-09-15 18:31:25 【Print】
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1. Market Highlights
In August, overseas supplies of molybdenum raw materials remained sufficient and these materials flooded into the Chinese market as downstream demand remained weak in overseas markets. Due to the active downstream demand in China, molybdenum raw materials' prices kept edging up. With strong downstream demand, Chinese molybdenum concentrate prices continued to rise slightly, and mines began to hold back from selling. Prices for ferromolybdenum in China rose with those for molybdenum concentrate. Domestic ammonium molybdate prices increased supported by raw material prices, and market participants concluded deals cautiously. Prices for sodium molybdate, ammonium heptomolybdate and high-purity molybdenum oxide rose slightly and the markets saw rare transactions. Supported by the prices for raw materials, prices for molybdenum powder and molybdenum deep-processed products remained firm.
In August, overseas supplies of molybdenum raw materials remained sufficient and these materials flooded into the Chinese market as downstream demand remained weak in overseas markets. Due to the active downstream demand in China, molybdenum raw materials' prices kept edging up. With strong downstream demand, Chinese molybdenum concentrate prices continued to rise slightly, and mines began to hold back from selling. Prices for ferromolybdenum in China rose with those for molybdenum concentrate. Domestic ammonium molybdate prices increased supported by raw material prices, and market participants concluded deals cautiously. Prices for sodium molybdate, ammonium heptomolybdate and high-purity molybdenum oxide rose slightly and the markets saw rare transactions. Supported by the prices for raw materials, prices for molybdenum powder and molybdenum deep-processed products remained firm.
