Molybdenum Market Report December 2013

The Chinese molybdenum market remained largely weak through December despite prices of molybdenum concentrate and ferromolybdenum being artificially raised in mid-December.Asian Metal Copyright However most buyers refused to accept these higher prices as demand remained subdued.Asian Metal Copyright However most buyers refused to accept these higher prices as demand remained subdued.Asian Metal Copyright Although domestic suppliers lifted offers of raw materials, consumers of molybdenum metal continued to show little interest in purchasing and continued to apply pressure on prices, resulting in few deals and declining prices.Asian Metal Copyright Asian Metal believes that molybdenum prices may slide down during January should the support of strong demand not be found.Asian Metal Copyright However most buyers refused to accept these higher prices as demand remained subdued.Asian Metal Copyright It is also expected that the purchase volume for ferromolybdenum from steel mills will be smaller in 2014 than those in previous years.Asian Metal Copyright Although domestic suppliers lifted offers of raw materials, consumers of molybdenum metal continued to show little interest in purchasing and continued to apply pressure on prices, resulting in few deals and declining prices.Asian Metal Copyright Although domestic suppliers lifted offers of raw materials, consumers of molybdenum metal continued to show little interest in purchasing and continued to apply pressure on prices, resulting in few deals and declining prices.Asian Metal Copyright However most buyers refused to accept these higher prices as demand remained subdued.Asian Metal Copyright The molybdenum chemicals market saw no signs of improvement with weak demand and low prices.
.Asian Metal Copyright It is also expected that the purchase volume for ferromolybdenum from steel mills will be smaller in 2014 than those in previous yearsAsian Metal Copyright