Molybdenum Decreased Demand, Weak Stable Price in Apr.
- Details
- Category: Molybdenum's News
- Published on 10 May 2017
- Written by Elva
- Hits: 341
In Apr., 2017, molybdenum decreased demand leads to a weak stable price. The main reason goes to decreased demand and lower price from steel industry.
45% molybdenum concentrate is quoted as 1,170~1,180RMB/TON in the very beginning of Apr., but 1,190~1,200RMB/TON at the end of Apr. 51% molybdenum oxide is 1,270-1,280RMB/TON on Apr. 1 and 1,280-1,290 RMB/TON on Apr. 30. For 60 ferro molybdenum the price is 83,000-86,000 RMB/TON, and 83,000-85,000RMB/TON
.
As records of international price, end Apr. the price of molybdenum oxide is 8.6-8.7USD/lb.Mo and ferro molybdenum of 21.5-21.7 USD/lb.Mo.
As statistics showed, the bidding quantity of molybdenum from steel industry is 8,000tons with a result of rising price, but the quantity is obviously decreased to 3,000tons in Apr.
Totally, molybdenum is at a weak stable status in Apr.
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