How about the price of ferromolybdenum in the last half month of April
This week, the price of raw materials fell negatively, and the price of back-end ferro-molybdenum dropped sharply.
The market price of ferro-molybdenum rose, and the terminal buying was unbearable, reducing the purchase volume. As steel mills continued to lose bids, the quotations in the ferro-molybdenum market increased, and the price first fell back from a high level, and the raw material market also fell. Some companies lack confidence and compete to sell goods at low prices.
The most fundamental problem in the molybdenum market is still the sharp decrease in demand. The terminal steel mills keep reducing their inventory, adjust the delivery plan of stainless steel, and delay the purchase time.
Conclusion Breaking the deadlock still needs to wait for the terminal demand to enter the market.