Commodity Market Report
Noble steel alloys short-term outlook May 2022
Report summary
Noble alloys prices mostly declined in May, although niobium prices exhibited their usual stability. The average European molybdenum oxide price declined by 2.8% in May, while the vanadium pentoxide price was down by 7.3%. The niobium price, on the other hand, edged up by 2.5% The resurgence of covid-19 in China, coupled with the country's lockdown measures to tackle the outbreak, has had a negative impact on activity in the country. This has also had an effect on prices outside the country. This has been exacerbated by rising uncertainty, due to the continuing Russia/Ukraine conflict and rising inflation.
Table of contents
- Molybdenum
- Niobium
- Vanadium
-
Molybdenum
- Chain’s covid-fighting measures eat into price support
-
Niobium
- Niobium price sees small gains on increased freight costs
-
Vanadium
- Weak demand weighs on vanadium prices
- Crude steel trends
- Stainless steel trends
-
Molybdenum
- Steel and stainless steel production to underpin demand in 2022
-
Niobium
- Weak HSLA steel conditions weighing on niobium demand
-
Vanadium
- Further VRB installations announced for 2022
-
Molybdenum
- Modest upgrade to supply forecasts, but still lags demand in the short-term
-
Niobium
- CMOC output recovers in Q1
-
Vanadium
- Vanadium supply to pick up through H2
Tables and charts
This report includes 21 images and tables including:
- Molybdenum key forecasts
- Niobium key forecasts
- Vanadium key forecasts
- Crude steel production (Mt)
- Crude stainless steel production (Mt)
- Vanadium demand
- Europe Molybdenum oxide and ferromolybdenum prices
- China-Europe molybdenum oxide and FeMo price spread (US$ kg Mo) and net imports (kt Mo)
- Ferroniobium prices
- Vanadium pentoxide prices
- Ferrovanadium prices
- Finished molybdenum consumption (kt Mo)
- Niobium demand by product
- 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 exports
What's included
This report contains:
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