Monthly Molybdenum Market Report May 2024
2024-06-13 14:38:44 【Print】
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1. Market Highlights
Encouraged by strong demand from downstream consumers, molybdenum concentrate and molybdenum oxide prices increased since early May. In late May, prices remained stable as most consumers remained cautious in placing orders.
Supported by prices of molybdenum concentrate, Chinese ferromolybdenum prices increased in early May. As most steel mills remained reluctant in purchasing, prices increased since mid-May. In late May, prices increased again as higher production cost.
Following the trend of molybdenum concentrate, downstream molybdenum chemical products and molybdenum metal prices increased in early May and decreased in mid-May. Encouraged by higher production cost, prices increased since mid-May.
In international molybdenum market, as the supply remained tight and most suppliers stayed in no hurry to sell, market prices of molybdenum products showed uptrend in May.
Encouraged by strong demand from downstream consumers, molybdenum concentrate and molybdenum oxide prices increased since early May. In late May, prices remained stable as most consumers remained cautious in placing orders.
Supported by prices of molybdenum concentrate, Chinese ferromolybdenum prices increased in early May. As most steel mills remained reluctant in purchasing, prices increased since mid-May. In late May, prices increased again as higher production cost.
Following the trend of molybdenum concentrate, downstream molybdenum chemical products and molybdenum metal prices increased in early May and decreased in mid-May. Encouraged by higher production cost, prices increased since mid-May.
In international molybdenum market, as the supply remained tight and most suppliers stayed in no hurry to sell, market prices of molybdenum products showed uptrend in May.
