Monthly Molybdenum Market Report Jan 2020
2020-03-12 16:51:20 【Print】
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1. Market Highlights
In January, the international market saw price rise due to increasing demand and transaction prices were firm. Chinese molybdenum market saw an uptrend. Raw material molybdenum concentrate prices moved up as the increasing bidding invitation from downstream steel mills to buy ferromolybdenum led to increase of demand and tight supply of spot materials. Although steel mills raised the bidding volume for ferromolybdenum, ferromolybdenum bidding prices only edged up and spot prices for ferromolybdenum moved up slightly due to tight supply. Prices for sodium molybdate increased as downstream demand improved sharply. Prices for molybdenum powder kept stable due to limited transactions. Due to steady downstream demand and firm raw material prices, prices for high-purity molybdenum oxide and ammonium hetramolybdate remained flat. Prices for molybdenum bar, molybdenum wire and molybdenum rod maintained stable.
In January, the international market saw price rise due to increasing demand and transaction prices were firm. Chinese molybdenum market saw an uptrend. Raw material molybdenum concentrate prices moved up as the increasing bidding invitation from downstream steel mills to buy ferromolybdenum led to increase of demand and tight supply of spot materials. Although steel mills raised the bidding volume for ferromolybdenum, ferromolybdenum bidding prices only edged up and spot prices for ferromolybdenum moved up slightly due to tight supply. Prices for sodium molybdate increased as downstream demand improved sharply. Prices for molybdenum powder kept stable due to limited transactions. Due to steady downstream demand and firm raw material prices, prices for high-purity molybdenum oxide and ammonium hetramolybdate remained flat. Prices for molybdenum bar, molybdenum wire and molybdenum rod maintained stable.
