Monthly Molybdenum Market Report Nov 2021
2021-12-12 12:07:16 【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 November, 316 stainless steel prices moved down gradually due to the soft demand and didn't offer effective support for molybdenum prices. Molybdenum producers had to drop their prices to reduce their inventory level and the whole market mentality stayed soft.
In international market, as inquiries stayed rare and the market supply showed sufficient, both molybdenum oxide and ferromolybdenum prices moved down gradually. Most insiders hold watching attitude for the market.
In November, 316 stainless steel prices moved down gradually due to the soft demand and didn't offer effective support for molybdenum prices. Molybdenum producers had to drop their prices to reduce their inventory level and the whole market mentality stayed soft.
In international market, as inquiries stayed rare and the market supply showed sufficient, both molybdenum oxide and ferromolybdenum prices moved down gradually. Most insiders hold watching attitude for the market.
