Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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October 2019 | Ferro-alloys

Declining demand to suppress molybdenum prices in the near term: Molybdenum Highlights

In Asia, consumption prospects have had something of a boost as Chinese steelmakers have signalled they are in the market for more feed as they are looking to increase production.

The European stainless steel sector has been cutting demand for feed throughout the year and there has been none of the pick-up in demand traditionally seen in the latter part of the third quarter for fourth-quarter smelting schedules. Worse, there is no sign of a pick-up in demand for first-quarter smelting schedules at steelmakers. Moreover, there is every sign that current production cuts in countries such as Germany and Italy, already extended from September and October into November and December, will be again extended into the first quarter and possibly even deepened.


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