Molybdenum Market Report May 2013
2013-06-09 08:58:05 【Print】
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Through May, Chinese molybdenum prices kept falling trend based on the weak demand from end-users, and molybdenum concentrate price and ferromolybdenum price decreased to the lowest level of this year, with prices down by around RMB80/mtu and around RMB5,000/t respectively.
European molybdenum markets spent much of May in a depressed and lacklustre state, with prices of both molybdenum oxide 57%min powder and ferromolybdenum 65%min succumbing to a lack of demand from the downstream steel industry and weakening gradually over the month. Prices of both materials fell to near 12 month lows in the middle of May, and although ferromolybdenum 65%min flirted with a price rebound during the final week of the month, no strong increase was seen.
European molybdenum markets spent much of May in a depressed and lacklustre state, with prices of both molybdenum oxide 57%min powder and ferromolybdenum 65%min succumbing to a lack of demand from the downstream steel industry and weakening gradually over the month. Prices of both materials fell to near 12 month lows in the middle of May, and although ferromolybdenum 65%min flirted with a price rebound during the final week of the month, no strong increase was seen.
