Molybdenum Market Report April 2016

Although demand had been lackluster in the Chinese molybdenum market throughout the month of April, prices for molybdenum products started to rally in late April helped by supply shortage in raw materials and continuous price rebound in the steel market.Asian Metal CopyrightAlthough demand had been lackluster in the Chinese molybdenum market throughout the month of April, prices for molybdenum products started to rally in late April helped by supply shortage in raw materials and continuous price rebound in the steel market.Asian Metal Copyright Particularly, prices for molybdenum concentrate and ferromolybdenum picked up rapidly.Asian Metal Copyright Particularly, prices for molybdenum concentrate and ferromolybdenum picked up rapidly.Asian Metal Copyright However, after prices went up, the molybdenum concentrate market witnessed limited activity as consumers were hard to secure the material due to the supply shortage in the spot market.Asian Metal Copyright However, after prices went up, the molybdenum concentrate market witnessed limited activity as consumers were hard to secure the material due to the supply shortage in the spot market.Asian Metal Copyright Producers of molybdenum chemical started to take a watchful approach with some of them even stopping offering prices; however, transaction prices encountered greater resistance subject to weakening demand.Asian Metal Copyright However, after prices went up, the molybdenum concentrate market witnessed limited activity as consumers were hard to secure the material due to the supply shortage in the spot market.Asian Metal Copyright By the end of April, the molybdenum products market had yet to be affected.
.Asian Metal CopyrightAlthough demand had been lackluster in the Chinese molybdenum market throughout the month of April, prices for molybdenum products started to rally in late April helped by supply shortage in raw materials and continuous price rebound in the steel marketAsian Metal Copyright