Monthly Molybdenum Market Report Feb 2023
2023-03-13 08:05:06 【Print】
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1. Market Highlights
In February, stainless-steel market demand stayed strong and prices kept growing up, which offered effective support for molybdenum price rise. At the same time, molybdenum concentrate prices kept moving up due to the tight supply, and market inquiries stayed active. Molybdenum concentrate, molybdenum oxide and ferromolybdenum market saw rising prices. Downstream molybdenum chemical products and molybdenum metal prices all moved up steadily. However, few consumers would like to accept and quotations stayed at a much higher level than real dealing prices.
In international molybdenum market, due to the strong demand and the supply reduction from South America, market saw increasing prices and reached to a historic high level. The market mentality stayed strong, but most suppliers' quotation stayed at a much high level than real dealing prices. Buyers' mentality kept going up.
In February, stainless-steel market demand stayed strong and prices kept growing up, which offered effective support for molybdenum price rise. At the same time, molybdenum concentrate prices kept moving up due to the tight supply, and market inquiries stayed active. Molybdenum concentrate, molybdenum oxide and ferromolybdenum market saw rising prices. Downstream molybdenum chemical products and molybdenum metal prices all moved up steadily. However, few consumers would like to accept and quotations stayed at a much higher level than real dealing prices.
In international molybdenum market, due to the strong demand and the supply reduction from South America, market saw increasing prices and reached to a historic high level. The market mentality stayed strong, but most suppliers' quotation stayed at a much high level than real dealing prices. Buyers' mentality kept going up.
