Molybdenum Market Report January 2014
2014-02-26 18:41:19 【Print】
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Generally speaking, Chinese molybdenum market kept stable in January with sporadic activities
. Many smelters stopped production in succession after mid-January as the Spring Festival approached . Some molybdenum mines stopped their production earlier in North China and there were rare deals concluded in molybdenum concentrate market . Downstream demand remained relatively soft in the second half January though steel mills replenished inventories before the Spring Festival . Ferromolybdenum suppliers held pessimistic attitude toward the market outlook and they believed that the market was hard to improve after the holiday.