Monthly Molybdenum Market Report Aug 2018
2018-09-12 17:33:35 【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
Demand was weak in international molybdenum market in August due to summer vacation and prices went down slightly. Prices in Chinese molybdenum market soared as steel mills were more profitable and prices for ferromolybdenum increased. Affected by increased prices for ferromolybdenum, prices for molybdenum concentrate, the raw material, moved up dramatically to the high level of RMB1,900/mtu (USD12.56/lb Mo), which led to steady increase in prices for downstream molybdenum chemical and deep-processing products. Market participants took a stable attitude and prices for molybdenum products kept hitting record high.
Demand was weak in international molybdenum market in August due to summer vacation and prices went down slightly. Prices in Chinese molybdenum market soared as steel mills were more profitable and prices for ferromolybdenum increased. Affected by increased prices for ferromolybdenum, prices for molybdenum concentrate, the raw material, moved up dramatically to the high level of RMB1,900/mtu (USD12.56/lb Mo), which led to steady increase in prices for downstream molybdenum chemical and deep-processing products. Market participants took a stable attitude and prices for molybdenum products kept hitting record high.
