Monthly Molybdenum Market Report Jul 2018
2018-08-14 17:19:23 【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
In July, prices for molybdenum increased slightly with tight supply in international molybdenum market. Prices for molybdenum primary products soared in Chinese market as a large mining company in Northeast China took the lead in raising price, so the bubbles developed rapidly. Downstream molybdenum chemical and deep-processing companies followed suit positively, but the market didn't see active transactions. Steel mills had to purchase at high prices. Prices for other molybdenum products didn't show upward trend. Ferromolybdenum bulk market that received great attention didn't see transactions concluded at prices as high as those of steel mills' purchase prices. Some sensitive ferromolybdenum producers began to sell stocks. Under such circumstance, prices for Chinese molybdenum are expected to go down in the coming month.
In July, prices for molybdenum increased slightly with tight supply in international molybdenum market. Prices for molybdenum primary products soared in Chinese market as a large mining company in Northeast China took the lead in raising price, so the bubbles developed rapidly. Downstream molybdenum chemical and deep-processing companies followed suit positively, but the market didn't see active transactions. Steel mills had to purchase at high prices. Prices for other molybdenum products didn't show upward trend. Ferromolybdenum bulk market that received great attention didn't see transactions concluded at prices as high as those of steel mills' purchase prices. Some sensitive ferromolybdenum producers began to sell stocks. Under such circumstance, prices for Chinese molybdenum are expected to go down in the coming month.
