Chinese Molybdenum Price - August 9, 2024
Chinese molybdenum price remained relatively stable in the week ended on Friday, August 9, 2024, with prices of major products showing little change and traders primarily maintaining transactions based on just-in-time needs.
Chinese Molybdenum Market - August 2, 2024
The Chinese molybdenum market continues to exhibit a weak downward trend, with molybdenum concentrate and ferromolybdenum prices dropping by 20 CNY/ton and approximately 1,000 CNY/ton, respectively. Under these circumstances, traders are mostly adopting a cautious wait-and-see approach, resulting in a slow increase in market orders.
July 2024 Overview: Stability and Fluctuations in China's Molybdenum Market
According to information from Chinatungsten Online, the overall trend of molybdenum product prices in China was relatively stable in July 2024. At the end of the month, the prices of molybdenum concentrate, ferromolybdenum, and molybdenum oxide were slightly higher than at the beginning of the month, while the prices of molybdate, molybdenum powder, and molybdenum bars were slightly lower.
Ferromolybdenum Prices - July 29, 2024
At the beginning of the week, Chinese molybdenum prices slightly declined. Specifically, molybdenum concentrate and ferromolybdenum prices dropped by approximately 20 yuan/ton and 1,000 yuan/ton, respectively.
Molybdenum Product Prices – July 26, 2024
This week, the overall domestic molybdenum market has been generally stable. Although some molybdenum product prices have shown a downward adjustment due to low steel company bids, the reduction has been minor. This is mainly due to satisfactory downstream inquiries, strong production cost support, and limited market spot supply.
Molybdenum Concentrate Prices - July 24, 2024
The domestic Chinese molybdenum market overall maintained a sideways consolidation. Amid fierce price negotiations between buyers and sellers, market trading activity was moderate, with product prices fluctuating within a narrow range and differing views on the market outlook among industry participants.
Chinese Molybdenum Price - July 22, 2024
At the beginning of the week, Chinese molybdenum price exhibited a generally stable but slightly weak trend. This was mainly due to high price pressure from downstream users and poor performance in the international molybdenum market.
Chinese Molybdenum Market - July 19, 2024
This week, the domestic Chinese molybdenum market has remained stable overall. Key characteristics include traders having a general lack of enthusiasm for market operations, mainstream product prices staying relatively stable, and very few new orders being placed.
Chinese Molybdenum Market - July 17, 2024
The domestic Chinese molybdenum market has been relatively stable overall, with subdued trading activity and difficulty in updating product prices. This is mainly due to a decrease in downstream user consumption and a reluctance from suppliers to reduce prices.
Molybdenum Powder Price - July 15, 2024
At the beginning of the week, the domestic Chinese molybdenum market maintained stable operations. This was primarily due to increased cautious sentiment among downstream users and generally average performance in the international molybdenum market.
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