Monthly Molybdenum Market Report May 2018
2018-06-13 18:02:51 【Print】
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1. Market Highlights
During May, prices both in the international and Chinese molybdenum markets kept bearing pressure. In the international molybdenum market, prices began reaching the bottom and keeping stable with active transactions, while Chinese molybdenum market was still in stalemate. Most domestic mine enterprises supported prices and held back from selling, so prices for molybdenum concentrate always stayed at high level, but due to not many purchases for ferromolybdenum from downstream steel mills, consumers strongly resisted high-price raw materials. Transaction prices and volume for molybdenum concentrate kept stable, affected by which downstream molybdenum chemicals and deep-processing molybdenum products market were also in stalemate.
During May, prices both in the international and Chinese molybdenum markets kept bearing pressure. In the international molybdenum market, prices began reaching the bottom and keeping stable with active transactions, while Chinese molybdenum market was still in stalemate. Most domestic mine enterprises supported prices and held back from selling, so prices for molybdenum concentrate always stayed at high level, but due to not many purchases for ferromolybdenum from downstream steel mills, consumers strongly resisted high-price raw materials. Transaction prices and volume for molybdenum concentrate kept stable, affected by which downstream molybdenum chemicals and deep-processing molybdenum products market were also in stalemate.
