Heavy Wait-and-See Atmosphere in Chinese Molybdenum Market
International molybdenum oxide price rises slightly, which do not active the market in China. At present, molybdenum smelting factories, chemical and product enterprises keep high product prices owing to high production costs. The average price in Chinese molybdenum mines hovers around RMB 1,640/t and mainstream transaction prices of molybdenum concentrate are RMB 1,630-1,640/t. In the short term, the tightening availability of low-price molybdenum raw materials will continue.
Sodium Molybdate Price - May 14, 2018
Chinese molybdenum price remains unchanged opening this week as a subsequence of different mentalities of downstream and upstream of the industry chain and lower international molybdenum price weakening market confidence. Trading volumes are still hard to be increased and steel biddings are the focus of the market.
FeMo Powder Price - May 11, 2018
Molybdenum price in China maintains stability this week, intertwining with favorable and bad factors. Affected by the stricter environmental protection inspection, production capacity of mines reduces and the operating rate of downstream factories also is influenced greatly. Besides, the prices of steel biddings and international molybdenum price fall, weakening market confidence. Under the deadlocked supply and demand, trading volumes would not increase and molybdenum price may drop.
International Molybdenum Price Fell Sharply in May
Although transactions of high-price molybdenum concentrate are rare and international molybdenum price falls sharply, Chinese sellers keep stable quotations. Downstream purchasers decide to hold back purchasing because of cost overhang and poor performance in international market. Considering the tightening availability of molybdenum concentrate and some low-price transactions, the raw material market will be in a stalemate in the short term.
Molybdenum Ore Spilled from a Truck, Causing $250,000 Losses
A truck was crashed Wednesday on Highway 43 Friday, causing a loss of $250,000 worth of molybdenum ore. Fish biologist from Fish, Wildlife & Parks was sent to the scene to check whether the environment was polluted and cleanup work was continuing.
Sodium Molybdate Price - May 9, 2018
In China’s molybdenum market, prices remain unchanged, affected by the game between upstream and downstream of industry chain. At present, both sellers and buyers are difficult in selling and quoting, with heavy wait-and-see atmosphere.
Sodium Molybdate Price - May 8, 2018
Molybdenum price in China continues to maintain stability and the market is caught in wait-and-see atmosphere. At present, steel mills start to call for bids for ferro molybdenum, but the price needs further confirmation. And the environmental protection policy also affects the activity of whole chain of the industry.
Sodium Molybdate Price - May 7, 2018
Molybdenum market in China: domestic molybdenum price has been remained weak recently on tight supply of mines and rised mentality of sellers. As steel biddings in downstream market perform poorly, sellers keep cautious on stocking up, which presses the rise in market price. The deadlocked supply and demand is hard to ease in the short term, so the market would prefer the long-running transactions.
FeMo Powder Price - May 3, 2018
Molybdenum price in China keeps stable on the whole as short supply of raw materials weakens enterprises’ willingness in transactions. In the meantime, the good performance in steel biddings last week boosted market mentality, coupled with the support of production cost, businesses keep firm quotation opening this week.
China’s Ferro Molybdenum Price Maintained Stability in April
Molybdenum concentrate market in China has performed well recently. 40-45% molybdenum ore is concluded 60 tons at RMB 1,610/t; 45-50% molybdenum concentrate is concluded with price of RMB 1,635/t and quantity of 200 tons. Steel mills’ purchasing in large number stimulates ferromolybdenum manufacturers to enquiry. Under the background, molybdenum mines and traders raised their strong rised mentality.
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