Molybdenum highlights

摘要

Despite another month of dismal price performances there are signs that tighter supply availability is beginning to underpin the market. This is most evident in Europe where prices appear to have stabilised. In the USA and China, the supply situation has yet to have a major effect on prices. Moreover, the recent release of weaker than expected Chinese GDP data and indications of increasing financial stress in the steel sector are clouding any positive outlook for the market.