Chinese Molybdenum Market Trend – November 27, 2024
The Chinese molybdenum market is generally showing a steady but slightly weaker trend. As favorable factors gradually dissipate, the consumer market is slowly shifting from a seller's market to a buyer's market.
Ferromolybdenum Prices - November 25, 2024
At the start of the week, the domestic molybdenum market remained weak but stable overall. Transaction prices for molybdenum concentrate and ferromolybdenum were consolidated at approximately 3,710 CNY/ton unit and 240,000 CNY/ton, respectively.
Chinese Molybdenum Market - November 22, 2024
This week, Chinese molybdenum market continued to operate weakly, mainly due to low steel bidding prices, a sluggish international molybdenum market, and increasing inventory levels.
Chinese Molybdenum Prices - November 20, 2024
Chinese molybdenum prices remain relatively stable, with molybdenum concentrate, ferromolybdenum, and molybdenum powder prices consolidating at around 3,720 yuan/ton unit, 241,000 yuan/ton, and 435 yuan/kg, respectively. Amid this situation, market participants are focused on when the current stalemate may break, as order growth remains slow.
Chinese Molybdenum Prices - November 18, 2024
At the start of the week, Chinese molybdenum prices fluctuated within a narrow range. This was primarily due to the strong sentiment among molybdenum mining enterprises to hold onto inventory and support prices, contrasted with a decline in both volume and prices from steel procurement.
Chinese Molybdenum Market - November 15, 2024
The domestic Chinese molybdenum market remains relatively calm in the week ended on Friday, November 15, 2024.
Chinese Molybdenum Market - November 13, 2024
Chinese molybdenum market continues to show a stalemate pattern. With supply and demand relatively balanced and macroeconomic optimism gradually being absorbed, traders are largely adopting a cautious wait-and-see approach. This has resulted in low market activity and limited transaction volumes.
Domestic Molybdenum Market - November 11, 2024
At the beginning of the week, the domestic molybdenum market continued to display a stalemate, with neither a clear upward nor downward trend.
China Molybdenum Price - November 8, 2024
This week, China molybdenum price remained steady overall, with transaction prices for molybdenum oxide, ferromolybdenum, and ammonium tetramolybdate hovering around 3,840 yuan per ton, 242,000 yuan per ton, and 230,000 yuan per ton, respectively.
International Molybdenum Oxide Price - November 6, 2024
The domestic Chinese molybdenum market is generally maintaining a stalemate, with prices and transaction volumes remaining relatively stable due to the interplay of both positive and negative factors.
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