Molybdenum Market Report July 2013
2013-09-09 13:43:08 【Print】
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It was a slack season when it came into July, so demand from molybdenum downstream industries turned to be more softening
European molybdenum markets endured a turbulent and frantic month through July as abysmal spot market demand and a large surplus of stock in Rotterdam pushed prices of both ferromolybdenum 65%min and molybdenum oxide 57%min into freefall. There appeared to be no end in sight to the downward spiral until the final few days of the month when a sudden rush of enquiries led molybdenum numbers into a surprising rebound.
. Consequently, molybdenum prices kept falling in the most part of this month in both Chinese domestic and international molybdenum markets and declined to a new low level in the recent years . In the end of this month, European molybdenum market experienced a little more buying activities and molybdenum price started to rebound . Impacted by that, Chinese molybdenum market also stopped falling and followed to increase, while purchase movement was not as good as expected.European molybdenum markets endured a turbulent and frantic month through July as abysmal spot market demand and a large surplus of stock in Rotterdam pushed prices of both ferromolybdenum 65%min and molybdenum oxide 57%min into freefall. There appeared to be no end in sight to the downward spiral until the final few days of the month when a sudden rush of enquiries led molybdenum numbers into a surprising rebound.