Monthly Molybdenum Market Report Oct 2018
2018-11-12 17:49:10 【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 October, demand was unchanged in international molybdenum market and prices remained stable. In Chinese market, prices went up dramatically. Ferromolybdenum prices increased firstly and were accepted by steel mills, which supported prices for molybdenum concentrate, the raw material, to move up notably by over RMB2,000/t (USD13.07/lb Mo). Accordingly, prices for downstream molybdenum chemical products and deep-processing products went up. Market participants gained confidence again and the market saw the highest trading volume during recent years.
In October, demand was unchanged in international molybdenum market and prices remained stable. In Chinese market, prices went up dramatically. Ferromolybdenum prices increased firstly and were accepted by steel mills, which supported prices for molybdenum concentrate, the raw material, to move up notably by over RMB2,000/t (USD13.07/lb Mo). Accordingly, prices for downstream molybdenum chemical products and deep-processing products went up. Market participants gained confidence again and the market saw the highest trading volume during recent years.
