What are the reasons for the decline in ferromolybdenum prices?
The reasons for the decline in ferromolybdenum prices may include the following aspects:
|
Ferro molybdenum FeMo composition (%)
|
||||||
|
|
Mo
|
Si
|
S
|
P
|
C
|
Cu
|
|
FeMo70
|
65-75
|
2
|
0.08
|
0.05
|
0.1
|
0.5
|
|
FeMo60-A
|
60-65
|
1
|
0.08
|
0.04
|
0.1
|
0.5
|
|
FeMo60-B
|
60-65
|
1.5
|
0.1
|
0.05
|
0.1
|
0.5
|
|
FeMo60-C
|
60-65
|
2
|
0.15
|
0.05
|
0.15
|
1
|
|
FeMo55-A
|
55-60
|
1
|
0.1
|
0.08
|
0.15
|
0.5
|
|
FeMo55-B
|
55-60
|
1.5
|
0.15
|
0.1
|
0.2
|
0.5
|
1. Decline in demand: The decline in market demand for ferromolybdenum may be one of the main reasons for the price decline. The slowdown in global economic growth or the reduction in demand in specific industries may lead to a decrease in demand for ferromolybdenum, which in turn leads to a drop in prices.
2. Oversupply: Overcapacity of ferromolybdenum and ample market supply may lead to a drop in prices. Excessive supply will lead to fierce price competition and reduce ferromolybdenum prices.
3. Falling raw material prices: Falling prices for the main raw materials of ferromolybdenum will also lead to a drop in ferromolybdenum prices. For example, a drop in iron ore prices will reduce the production cost of ferromolybdenum, thereby driving down ferromolybdenum prices.
4. Trade war and political factors: Global trade wars, political tensions or major events may lead to increased market uncertainty and reduced investor risk appetite, resulting in a drop in ferromolybdenum prices.
5. Exchange rate fluctuations: Exchange rate fluctuations may also lead to a drop in ferromolybdenum prices. Exchange rate fluctuations may affect the export and import prices of ferromolybdenum, thereby affecting the supply and demand relationship and price of the ferromolybdenum market.