China’s Yichun Luming Set Sales Pricing for Molybdenum Concentrates
China’s domestic molybdenum market continues to show a downward trend on October 11, 2023. In addition to the accelerated decline in international molybdenum oxide and European ferromolybdenum prices, as well as poor performance in the steel procurement market, a major reason for the declining confidence of many holders is the price reduction by the large molybdenum mine, Yichun Luming.
Market Trends in the Chinese Molybdenum Market on October 9, 2023
Market Trends in the Chinese Molybdenum Market on October 9, 2023
At the beginning of the week, the domestic molybdenum market in China continued its relatively weak performance, as the sentiments of both buyers and sellers remained subdued following the end of the National Day holiday.
Chinese Molybdenum Price - October 7, 2023
Chinese molybdenum price has generally maintained a sideways consolidation trend on October 7, 2023 after the holiday of National Day. This is primarily attributed to the fluctuating international molybdenum prices during the National Day holiday period and the fact that domestic traders have not yet returned to their normal trading activities on the first day after the holiday.
Ammonium Molybdate Price - September 27, 2023
The overall domestic molybdenum prices continue to remain in a downward trend. This is mainly attributed to the weakening of market-supporting factors and the increasing negative factors, leading to a decline in the confidence of suppliers to maintain stable prices.
Molybdenum Concentrate Price - September 25, 2023
At the beginning of the week, domestic molybdenum prices in China continued to show a downward trend overall. This is mainly attributed to the previous rise in molybdenum product prices, recent market demand falling short of expectations, and the lack of confidence in stabilization by many suppliers.
China Molybdenum Prices - September 22, 2023
This week, China molybdenum prices have shown an overall downward trend, primarily due to reduced market demand, increased profit-taking by some suppliers, and weak international molybdenum market conditions.
Molybdenum Powder Prices - September 20, 2023
China molybdenum market quotation on September 20, 2023: ammonium molybdate, ammonium heptamolvbdate and molybdenum powder prices continue to show a slight decline.
China Molybdenum Prices - September 18, 2023
At the beginning of the week, China molybdenum prices have slightly shifted downwards. This is primarily attributed to increased profit-taking by some suppliers, relatively low steel procurement prices, and persistent challenges in improving rigid demand from end customers.
Why Molybdenum-rhenium Alloys Can Be Used in Space Nuclear Reactors?
Molybdenum-rhenium (Mo-Re) alloys are considered suitable materials for use in space nuclear reactors for several reasons:
Molybdenum Powder Price - September 11, 2023
At the beginning of the week, China’s ferro molybdenum and molybdenum oxide prices increase slightly while molybdenum powder price remains stable on September 11, 2023.
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