Commodity Market Report
Noble steel alloys short-term outlook November 2022
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Much like last month, the noble alloys continued in different directions in November. Molybdenum prices continued to find support as buying interest in Asia and weak supply kept the market tight. This wasn’t the case for vanadium and niobium though as both of these markets remain oversupplied in the face of weak demand. However, prices for both did seem to stop their slide through November. We expect these trends to last through the winter with molybdenum pricing faring better than that of vanadium or niobium. 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
- Chinese buying activity lifts prices further
-
Niobium
- Niobium prices level out after six months of declines
-
Vanadium
- A bumpy ride for prices
- Crude steel trends
- Stainless steel trends
-
Molybdenum
- Demand set to accelerate
-
Niobium
- No respite from the winter blues
-
Vanadium
- China rebar data revised downwards
- VRB announcements continue
-
Molybdenum
- A wave of new supply is coming
- 2 more item(s)...
Tables and charts
This report includes the following images and tables:
- 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)
- H1 2022 year-on-year changes in ferroniobium imports
- 11 more item(s)...
What's included
This report contains:
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