Monthly Molybdenum Market Report Jan 2019

1. Market Highlights

In January, the international molybdenum market saw slightly stronger demand. Molybdenum prices went up in the second half of January, but showed a downtrend during the entire month.Asian Metal Copyright Ferromolybdenum producers cut output or halted production successively and they kept prices firm at RMB110,000t USD27.Asian Metal Copyright With the coming of the Spring Festival holiday, molybdenum concentrate prices stopped declining from mid-January as ferromolybdenum producers were active in rebuilding raw material stocks.Asian Metal Copyright From mid-January, downstream molybdenum chemical and deep-processing producers followed suit to raise prices.Asian Metal Copyright Some mines even concluded deals at prices that were much higher than market prices.Asian Metal Copyright Thus, mainstream prices for molybdenum concentrate went up notably.Asian Metal Copyright Thus, mainstream prices for molybdenum concentrate went up notably. Ferromolybdenum producers cut output or halted production successively and they kept prices firm at RMB110,000/t (USD27.25/kg Mo), which was the production cost.Asian Metal Copyright .Asian Metal Copyright From mid-January, downstream molybdenum chemical and deep-processing producers followed suit to raise prices.Asian Metal Copyright25kg Mo, which was the production cost.Asian Metal Copyright Prices for molybdenum products showed a steady uptrend before the Spring Festival holiday.

.Asian Metal Copyright With the coming of the Spring Festival holiday, molybdenum concentrate prices stopped declining from mid-January as ferromolybdenum producers were active in rebuilding raw material stocksAsian Metal Copyright