Monthly Molybdenum Market Report Jul 2022
2022-08-12 21:25:26 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
1. Market Highlights
In July, stainless steel prices kept moving down due to the soft demand and few steel mills could cover their production cost, which kept bring negative affection on molybdenum price. Molybdenum suppliers had to drop their prices to reduce inventory and the market saw negative mentality for a whole month.
In international molybdenum market, due to the traditional Summer Holidays, molybdenum market mentality stayed weak and prices kept moving down in this month. Some suppliers chose to drop their prices to promote sales just in order to get the founds back as soon as possible and most insiders held watching attitude.
In July, stainless steel prices kept moving down due to the soft demand and few steel mills could cover their production cost, which kept bring negative affection on molybdenum price. Molybdenum suppliers had to drop their prices to reduce inventory and the market saw negative mentality for a whole month.
In international molybdenum market, due to the traditional Summer Holidays, molybdenum market mentality stayed weak and prices kept moving down in this month. Some suppliers chose to drop their prices to promote sales just in order to get the founds back as soon as possible and most insiders held watching attitude.
