Chinese Molybdenum Market – May 24, 2024
Chinese molybdenum market presented a pattern of first rising sharply and then stabilizing in the week ended on Friday, May 24, 2024. At the beginning of the week, due to the slight decrease in molybdenum product prices last week, downstream users showed generally high enthusiasm for inquiry and procurement.
Molybdenum Powder Price – May 22, 2024
Chinese molybdenum prices continue to show a clear upward trend, with the price of molybdenum concentrate increasing by approximately 110 yuan per mtu, molybdenum iron by approximately 5,000 yuan per ton, and molybdenum powder by approximately 5 yuan per kilogram. In this situation, industry players are particularly concerned about the receiving and bidding conditions of downstream users such as steel companies.
Molybdenum Prices – May 20, 2024
At the beginning of the week, the overall Chinese molybdenum market maintained a consolidation pattern, mainly due to the strong reluctance of suppliers to sell and the basic maintenance of just-in-time purchases by downstream users.
Chinese Molybdenum Price - May 17, 2024
Chinese molybdenum price is generally showing a pattern of stability with a slight weakness in the week ended on Friday, May 17, 2024. As the favorable factors gradually diminish, the consumption market is slowly transitioning from a seller's market to a buyer's market.
Molybdenum Powder Prices - May 15, 2024
Chinese molybdenum market remains stable on May 15, 2024. Influenced by strong reluctance to sell at low prices from molybdenum mining companies, good downstream demand, and the pressure from steel companies to lower prices, market trading activity is moderate. Consequently, transaction prices for products are neither rising nor falling.
Chinese Molybdenum Prices - May 13, 2024
At the start of the week, Chinese molybdenum prices showed a slight weakness at high levels. This is due to decreasing downstream demand and a reduction in the strength of supportive news.
Molybdenum Concentrate Transaction Prices - May 10, 2024
The overall situation of the Chinese molybdenum market is relatively good. Influenced by various factors, the intense price bargaining between buyers and sellers is prominent. Suppliers are keen on holding prices, while buyers have a lower willingness to accept high prices, resulting in moderate market turnover.
Ammonium Molybdate Price – May 8, 2024
The overall center of Chinese molybdenum prices continues to shift slightly upward, with the price of molybdenum concentrates rising by about 50 yuan per ton, the price of ferro molybdenum rising by about 2,000 yuan per ton, and the price of ammonium molybdate rising by about 2,000 yuan per ton.
Sodium Molybdate Prices - May 6, 2024
Domestic molybdenum market overall maintains a relatively positive trend.
Molybdenum Powder Prices - April 29, 2024
Chinese molybdenum market is showing a pattern of stability with a slight weakness. With the supply-demand relationship relatively balanced, discussions between buyers and sellers are somewhat deadlocked, leading to a noticeable decrease in product prices compared to the previous days, as well as a slow increase in orders.