Monthly Molybdenum Market Report Nov 2022
2022-12-12 09:00:47 【Print】
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1. Market Highlights
In November, stainless-steel market demand stayed soft and prices moved down gradually, which couldn't offer support for molybdenum price rise. However, as molybdenum raw material suppliers preferred to hold back from selling, molybdenum market mentality kept going strong and downstream molybdenum products prices all moved up accordingly. Insiders held strong mentality, waiting for terminal users following up gradually.
In international molybdenum market, supported by the strong market mentality in Asia, European inquiries maintained active accordingly, which supported molybdenum price keep moving up. However, as few steel-mills really build inventory, insiders held different views for prices up.
In November, stainless-steel market demand stayed soft and prices moved down gradually, which couldn't offer support for molybdenum price rise. However, as molybdenum raw material suppliers preferred to hold back from selling, molybdenum market mentality kept going strong and downstream molybdenum products prices all moved up accordingly. Insiders held strong mentality, waiting for terminal users following up gradually.
In international molybdenum market, supported by the strong market mentality in Asia, European inquiries maintained active accordingly, which supported molybdenum price keep moving up. However, as few steel-mills really build inventory, insiders held different views for prices up.
