Monthly Molybdenum Market Report Feb 2018
2018-03-22 17:38:51 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1. Market Highlights
During February, the international and Chinese molybdenum markets ran in two different ways. In the international molybdenum market, prices moved with an upward trend on the whole and transactions picked up to some extent compared with those in January. In the Chinese market, as the Spring Festival holiday fell in mid-February, there was a notable contrast in market movement during the month. Before the holiday arrived, demand was weak and prices dropped continuously; while after the holiday, with most Chinese steel mills opening biddings, prices for molybdenum products rebounded quickly and producers of upstream molybdenum concentrate also raised their quotations. As a result, the whole molybdenum industry chain was activated and transactions in the market increased both in volume and price, with the latter continuously hitting new highs.
During February, the international and Chinese molybdenum markets ran in two different ways. In the international molybdenum market, prices moved with an upward trend on the whole and transactions picked up to some extent compared with those in January. In the Chinese market, as the Spring Festival holiday fell in mid-February, there was a notable contrast in market movement during the month. Before the holiday arrived, demand was weak and prices dropped continuously; while after the holiday, with most Chinese steel mills opening biddings, prices for molybdenum products rebounded quickly and producers of upstream molybdenum concentrate also raised their quotations. As a result, the whole molybdenum industry chain was activated and transactions in the market increased both in volume and price, with the latter continuously hitting new highs.
