Monthly Molybdenum Market Report Oct 2022
2022-11-12 16:09:32 【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 October, stainless-steel market demand kept growing and prices moved up significantly, which offered effective support for molybdenum price. As most molybdenum raw material suppliers preferred to hold back from selling, Chinese molybdenum market saw strong mentality and molybdenum prices increased to the peak over the past 14 years.
In international molybdenum market, supported by the strong market mentality in Asia, molybdenum market prices moved up according in the first half of this month. However, most suppliers chose to clear their inventory immediately as terminal users' demand stayed soft. Market prices started to drop again. Insiders held different views for the market trend.
In October, stainless-steel market demand kept growing and prices moved up significantly, which offered effective support for molybdenum price. As most molybdenum raw material suppliers preferred to hold back from selling, Chinese molybdenum market saw strong mentality and molybdenum prices increased to the peak over the past 14 years.
In international molybdenum market, supported by the strong market mentality in Asia, molybdenum market prices moved up according in the first half of this month. However, most suppliers chose to clear their inventory immediately as terminal users' demand stayed soft. Market prices started to drop again. Insiders held different views for the market trend.
