Molybdenum Market Report April 2013
2013-05-10 17:30:29 【Print】
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Impact by the positive movement in European molybdenum market in the late of March and the ferromolybdenum tenders in the late of March and early April, Chinese molybdenum market started to rebound after the Tomb-Sweeping Day holiday
. Molybdenum concentrate suppliers lifted up quotations and experienced higher bids, and downstream products markets such as ferromolybdenum and molybdenum chemical products also witnessed a slightly uptrend . However, as demand for molybdenum materials did not see any major improvement, the uptrend was short-lived, and molybdenum prices were in softening trend again, while as molybdenum concentrate refused to reduce quotations, molybdenum price did not see major fluctuation in the remainder of this month .