China’s Domestic Molybdenum Market - November 3, 2023
China’s domestic molybdenum market demonstrated a fluctuating trend in the week ended on Friday, November 3, 2023.
Analysis of Molybdenum Prices in China for October 2023
1.Molybdenum Price Trends in October 2023:
According to information from Chinatungsten Online, molybdenum prices in China during October 2023 experienced an overall decline.
China’s Domestic Molybdenum Prices - October 30, 2023
At the beginning of the week, domestic molybdenum prices in China continued the overall downward trend observed last week. This is mainly attributed to the strong pricing pressure from steel companies, the ongoing decline in international molybdenum prices, and the relatively rapid capacity release by mining companies.
China Molybdenum Price - October 27, 2023
This week, China molybdenum price has shown a volatile pattern of rapid rises and falls. At the beginning of the week, steel companies' concentrated bidding for molybdenum iron with slightly higher bid prices, along with the continued warming of the international molybdenum market, led to a strong speculative sentiment among suppliers.
Ammonium Molybdate Price - October 25, 2023
Molybdenum market quotation: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices edge higher on October 25, 2023, driven by the relatively favorable downstream demand and the limited inventory of spot goods in the market.
Sodium Molybdate Prices - October 23, 2023
At the beginning of the week, China’s domestic molybdenum market showed relatively positive trends, mainly reflected in various molybdenum product prices experiencing different degrees of increase, along with increased actual trading volume.
Chinese Molybdenum Price - October 20, 2023
This week, Chinese molybdenum price initially saw a significant decline, followed by stabilization, and was influenced by various uncertainties. Traders held somewhat differing attitudes, particularly as molybdenum raw material prices showed signs of rebounding towards the end of the week, while molybdenum chemical product prices remained sluggish.
Ferro Molybdenum Price - October 18, 2023
Chinese molybdenum market continues to show an overall downward trend on October 18, 2023, mainly due to strong price pressure from steel companies and the continuous decline in international molybdenum prices.
China Molybdenum Market - October 17, 2023
At the beginning of the week, China molybdenum market remained weak, with a variety of uncertainties affecting pricing behaviors among traders, leading to a certain level of price confusion. Some traders were holding strong price expectations, while others were willing to trade price for quantity. Against this backdrop, actual transaction volumes remained relatively low.
Chinese Molybdenum Prices After the National Day holiday
After the National Day holiday, Chinese molybdenum prices have continued their downward trend, with the rate of decline increasing day by day.
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