Chinese demand peaks in December

摘要

Demand from Chinese steel mills reached their highest point of the year in December offì theback of reported increased demand from mills and signifiícant restocking activities.Ferromolybdenum tenders from major steel mills reached 181,417 t on an annualized basis, anincrease of 29 m/m and 32 y/y. In previous years, December and January have typically beenseen to be stronger months for procurement activity to secure material in advance of Lunar NewYear holiday related disruptions, this year taking place between 9 February and 15 February.Participants report some concern around perceived supply tightness, in part driven by a tighterinternational market.