Molybdenum Market Report May 2016

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.Asian Metal CopyrightThe Chinese molybdenum market continued to see a standoff in May with supply of molybdenum concentrate being tight, and domestic major mines kept prices firm.Asian Metal Copyright Prices for downstream molybdenum products picked up successively as consumers had difficulty in purchasing molybdenum concentrate.Asian Metal CopyrightThe Chinese molybdenum market continued to see a standoff in May with supply of molybdenum concentrate being tight, and domestic major mines kept prices firm.Asian Metal Copyright However, prices rebounded rapidly; as a result, consumers were cautious about purchasing and market transactions were slow.Asian Metal Copyright However, prices rebounded rapidly; as a result, consumers were cautious about purchasing and market transactions were slow.Asian Metal Copyright At the end of May, transactions remained sparse, but traders were active in selling and attempted to lower stocks and avoid risks.Asian Metal Copyright Prices for downstream molybdenum products picked up successively as consumers had difficulty in purchasing molybdenum concentrate.Asian Metal Copyright 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.Asian Metal Copyright At the end of May, transactions remained sparse, but traders were active in selling and attempted to lower stocks and avoid risks.Asian Metal Copyright Prices in the Chinese molybdenum smelting market and molybdenum chemical market witnessed remarkable increases in May but prices for molybdenum products moved up slowly.
.Asian Metal Copyright However, prices rebounded rapidly; as a result, consumers were cautious about purchasing and market transactions were slowAsian Metal Copyright