Monthly Molybdenum Market Report Oct 2020
2020-11-16 18:19:20 【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 October, the overseas molybdenum raw material prices rose slightly as the overseas market demand began to pick up. With the strong demand in Chinese market, molybdenum raw material prices remained firm. Chinese molybdenum concentrate prices were also firm due to active downstream demand; prices for ferromolybdenum in China remained stable, supported by prices for the raw material molybdenum concentrate. Ammonium molybdate prices kept firm owing to the firm raw material prices, and market participants concluded transactions cautiously. Sodium molybdate, ammonium heptomolybdate and high-purity molybdenum oxide prices remained stable, with limited transactions on the markets. Molybdenum powder prices rose slightly supported by the raw material prices.
In October, the overseas molybdenum raw material prices rose slightly as the overseas market demand began to pick up. With the strong demand in Chinese market, molybdenum raw material prices remained firm. Chinese molybdenum concentrate prices were also firm due to active downstream demand; prices for ferromolybdenum in China remained stable, supported by prices for the raw material molybdenum concentrate. Ammonium molybdate prices kept firm owing to the firm raw material prices, and market participants concluded transactions cautiously. Sodium molybdate, ammonium heptomolybdate and high-purity molybdenum oxide prices remained stable, with limited transactions on the markets. Molybdenum powder prices rose slightly supported by the raw material prices.
