Commodity Market Report
Global noble steel alloys short-term outlook February 2023
Report summary
In February, molybdenum and vanadium prices continued trending upwards amid bullish market sentiment and supply concerns since the start of 2022. Niobium prices remained flat after registering their gains since January. As 2023 progresses, we expect noble alloy prices to soften throughout the year. However, the new heights that have been reached will keep some alloy prices more elevated than in 2022. Please read our report to find out more about these trends, our forecast and the latest movements in the market.
Table of contents
- Molybdenum
- Niobium
- Vanadium
-
Molybdenum
- Molybdenum prices hit record highs in February
-
Niobium
- Niobium prices remain flat through February
-
Vanadium
- Prices push higher on market optimism and supply concerns
- Crude steel trends
- Stainless steel trends
-
Molybdenum
- Demand set to accelerate
-
Niobium
- Niobium market rebounds in 2023
-
Vanadium
- China rebar to rise in 2023
- VRBs to have a break-out year
-
Molybdenum
- Mine supply set to recover
-
Niobium
- A strong start to New Year for Brazil
-
Vanadium
- Oversupply turning to undersupply
Tables and charts
This report includes 23 images and tables including:
- Molybdenum key forecasts
- Niobium key forecasts
- Vanadium key forecasts
- Crude steel production (Mt)
- Crude stainless steel production (Mt)
- Europe Molybdenum oxide and ferromolybdenum prices
- More attractive Chinese prices drawing in material
- Ferroniobium prices
- Vanadium pentoxide prices
- Ferrovanadium prices
- Finished molybdenum consumption (kt Mo)
- 2201 vs 2022 change in ferroniobium imports
- Niobium demand by product
- China rebar production (kt)
- Vanadium demand
- Annual VRB installations and vanadium consumption
- Molybdenum mine production by country (kt Mo)
- Niobium production by producer
- Brazil monthly ferroniobium exports
- China imports of ferroniobium from Canada
- Niobium production by country
- Vanadium feedstock supply (kt V)
- Monthly Chinese ferrovanadium trade
What's included
This report contains:
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