[SMM Analysis: Demand Side Adjusts Procurement Strategy, Molybdenum Prices Remain Uncertain] According to SMM, as the year-end approaches, shipments of molybdenum-containing steel products from downstream sectors have decreased. The buyer market is expected to conduct year-end restocking in January, which has exerted some pressure on the spot prices of molybdenum-containing steel products. Mainstream steel mills have also started to lower their spot prices amid the downward trend in raw material prices.
It is reported that the continued decline in raw material prices will further push down spot prices in the downstream buyer market. Steel mills, aiming to stabilize spot prices, have reduced the downward pressure on raw material prices.
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