Monthly Molybdenum Market Report Jul 2024
2024-08-12 08:29:59 【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 early July, prices increased as most consumers remained active in placing orders and purchased from hand to mouth. Discouraged by weak demand from downstream consumers, molybdenum concentrate and molybdenum oxide prices decreased since mid-July.
Following prices of molybdenum concentrate, Chinese ferromolybdenum prices rose in early July. As most steel mills remained reluctant in purchasing, prices stayed firm in mid-July. In late July, prices decreased as lower production cost.
Following the trend of molybdenum concentrate, downstream molybdenum chemical products and molybdenum metal prices remained stable firstly since early July, increased in mid-July and decreased in late July.
In international molybdenum market, as strong demand, market prices of molybdenum products showed uptrend early July but then went down due to weak demand since mid-July.
In early July, prices increased as most consumers remained active in placing orders and purchased from hand to mouth. Discouraged by weak demand from downstream consumers, molybdenum concentrate and molybdenum oxide prices decreased since mid-July.
Following prices of molybdenum concentrate, Chinese ferromolybdenum prices rose in early July. As most steel mills remained reluctant in purchasing, prices stayed firm in mid-July. In late July, prices decreased as lower production cost.
Following the trend of molybdenum concentrate, downstream molybdenum chemical products and molybdenum metal prices remained stable firstly since early July, increased in mid-July and decreased in late July.
In international molybdenum market, as strong demand, market prices of molybdenum products showed uptrend early July but then went down due to weak demand since mid-July.
