Monthly Molybdenum Market Report Jun 2022
2022-07-07 13:36:47 【Print】
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1. Market Highlights
In June, stainless steel prices kept dropping due to the soft demand and high inventory in spot market, and most steel mills couldn't cover their production cost, which brought huge negative affection on molybdenum price. However, as molybdenum concentrate producers held back from selling, molybdenum prices moved up a lot. Terminal users followed up slowly and trader all chose to watch the market. Molybdenum market mentality stayed in a stalemate.
In international molybdenum market, due to the coming Summer Holidays, molybdenum oxide market mentality stayed soft and prices moved down gradually. However, supported by the steady demand from steel mills, ferromolybdenum market prices maintained a stalemate trend. Most insiders held watching attitude for the market.
In June, stainless steel prices kept dropping due to the soft demand and high inventory in spot market, and most steel mills couldn't cover their production cost, which brought huge negative affection on molybdenum price. However, as molybdenum concentrate producers held back from selling, molybdenum prices moved up a lot. Terminal users followed up slowly and trader all chose to watch the market. Molybdenum market mentality stayed in a stalemate.
In international molybdenum market, due to the coming Summer Holidays, molybdenum oxide market mentality stayed soft and prices moved down gradually. However, supported by the steady demand from steel mills, ferromolybdenum market prices maintained a stalemate trend. Most insiders held watching attitude for the market.
