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. 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.
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.
