Molybdenum Market Report April 2013

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.Asian Metal CopyrightImpact 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.Asian Metal Copyright 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.Asian Metal Copyright 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.Asian Metal Copyright 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.Asian Metal CopyrightImpact 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.Asian Metal Copyright