Monthly Molybdenum Market Report Aug 2022
2022-09-09 09:55:05 【Print】
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1. Market Highlights
In August, 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. However, as several molybdenum concentrate producers strongly increased their prices, the whole molybdenum industry chain prices followed up immediately. Insiders held different market views for the price trend though the mainstream prices kept going up.
In international molybdenum market, as inquiries from traders kept active, international molybdenum market mentaltiy went strong despite the weak demand from terminal users during the Summer Holidays. The mainstream prices moved up gradually and most suppliers held positive attitude for the market trend.
In August, 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. However, as several molybdenum concentrate producers strongly increased their prices, the whole molybdenum industry chain prices followed up immediately. Insiders held different market views for the price trend though the mainstream prices kept going up.
In international molybdenum market, as inquiries from traders kept active, international molybdenum market mentaltiy went strong despite the weak demand from terminal users during the Summer Holidays. The mainstream prices moved up gradually and most suppliers held positive attitude for the market trend.
