Monthly Molybdenum Market Report Dec 2022
2023-01-12 20:19:00 【Print】
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1. Market Highlights
In December, stainless-steel market demand stayed strong and prices kept moving up, which offered effective support for molybdenum price rise. At the same time, as steel-mills' had strong intention to add inventory, ferromolybdenum prices kept soaring, which supported molybdenum raw material price moved up accordingly. Downstream molybdenum product prices also followed up. Most suppliers held optimistic mentality.
In international molybdenum market, as most steel-mills preferred to buy in spot market due to the uncertain market demand caused by energy crisis, spot market prices kept soaring. Insiders held different views for prices up and most of them held watching attitude.
In December, stainless-steel market demand stayed strong and prices kept moving up, which offered effective support for molybdenum price rise. At the same time, as steel-mills' had strong intention to add inventory, ferromolybdenum prices kept soaring, which supported molybdenum raw material price moved up accordingly. Downstream molybdenum product prices also followed up. Most suppliers held optimistic mentality.
In international molybdenum market, as most steel-mills preferred to buy in spot market due to the uncertain market demand caused by energy crisis, spot market prices kept soaring. Insiders held different views for prices up and most of them held watching attitude.
