Molybdenum Market Report May 2016
2016-06-17 18:01:14 【Print】
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The Chinese molybdenum market continued to see a standoff in May with supply of molybdenum concentrate being tight, and domestic major mines kept prices firm
. Prices for downstream molybdenum products picked up successively as consumers had difficulty in purchasing molybdenum concentrate . However, prices rebounded rapidly; as a result, consumers were cautious about purchasing and market transactions were slow . At the end of May, transactions remained sparse, but traders were active in selling and attempted to lower stocks and avoid risks . Prices for molybdenum continued to rally significantly soon afterwards; suppliers of domestic upstream molybdenum products continued to raise quotations as well and were reluctant to sell at low prices . Prices in the Chinese molybdenum smelting market and molybdenum chemical market witnessed remarkable increases in May but prices for molybdenum products moved up slowly.