Monthly Molybdenum Market Report Feb 2020
2020-03-13 18:19:02 【Print】
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1. Market Highlights
In February, the international molybdenum market saw price rise first and then the decrease due to unstable demand. Prices in Chinese molybdenum market moved up first and then dropped. Prices for molybdenum concentrate increased first and then decreased in accordance with the trend of downstream ferromolybdenum bidding prices. Besides, steel mills kept releasing their bidding amount of ferromolybdenum. Affected by logistics, the supply of ferromolybdenum was tight in the first half of this month and prices increased. As the logistics recovered gradually, the supply of ferromolybdenum increased and prices dropped accordingly. Prices for sodium molybdate went up first and then went down in accordance with the trend of raw material. Because of soft downstream demand, prices for ammonium tetramolybdate rose and then declined in accordance with raw material cost. Prices for molybdenum powder also kept the same trend as raw material prices due to soft demand and limited transactions. In light of soft downstream demand, prices for high-purity molybdenum oxide and ammonium hetramolybdate moved up and then down in accordance with raw material prices amid limited transactions. Prices for molybdenum wire and molybdenum rod maintained weakly stable.
In February, the international molybdenum market saw price rise first and then the decrease due to unstable demand. Prices in Chinese molybdenum market moved up first and then dropped. Prices for molybdenum concentrate increased first and then decreased in accordance with the trend of downstream ferromolybdenum bidding prices. Besides, steel mills kept releasing their bidding amount of ferromolybdenum. Affected by logistics, the supply of ferromolybdenum was tight in the first half of this month and prices increased. As the logistics recovered gradually, the supply of ferromolybdenum increased and prices dropped accordingly. Prices for sodium molybdate went up first and then went down in accordance with the trend of raw material. Because of soft downstream demand, prices for ammonium tetramolybdate rose and then declined in accordance with raw material cost. Prices for molybdenum powder also kept the same trend as raw material prices due to soft demand and limited transactions. In light of soft downstream demand, prices for high-purity molybdenum oxide and ammonium hetramolybdate moved up and then down in accordance with raw material prices amid limited transactions. Prices for molybdenum wire and molybdenum rod maintained weakly stable.
