Molybdenum Market Report August 2015
2015-09-21 13:55:01 【Print】
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During the month, Chinese molybdenum market deteriorated
. Lower tender prices from steel mills dragged down the price of ferromolybdenum, leaving marginal profit to producers and pressing down the price of molybdenum concentrate . Many molybdenum concentrate plants found the capital circulation a big burden, some medium-size plants even chose to halt production . Whilst in the molybdenum chemical market, demand remained poor and price slipped quickly, producers had difficulties in making sales . In face of increasing stocks, many of them reduced or suspended production during the month . In comparison, price of molybdenum products went down in much slower pace, but the market activity turned out to be scarce as consumers were quite inactive.