Commodity Market Report
Noble steel alloys short-term outlook November 2022
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
-
Niobium
- Exports remain weak
-
Vanadium
- Supply sufficient to meet the market
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)
- H1 2022 year-on-year changes 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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