Molybdenum Market Report November 2012
2012-12-13 09:46:48 【Print】
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Molybdenum market continued the downturn trend in early November, and molybdenum price in home and abroad dipped to a new low level in the middle of this month. But the market recovered as soon as molyoxide price moved down to below USD11.00/lb in Europe and the molybdenum concentrate price reached to RMB1,400/mtu (USD10.25/lb) in China. At last, prices of molyoxide and molybdenum concentrate moved up to USD11.40/lb and RMB1,480/mtu (USD10.83/lb) in this month, and prices of ferromolybdenum moved up from USD26.70/kg Mo to USD28.00/kg Mo in Europe, from RMB98,000/t (USD26.34/kg Mo) to RMB103,000/t (USD27.69/kg Mo) in China accordingly.
