Molybdenum News Center

Ferro Molybdenum Price - Dec. 26, 2017

Spot goods in the molybdenum concentrate market has been maintaining at a low level recently. Starting from December 22, a large mine in Heilongjiang province stopped work to undergo repair for 10 days. The two factors tighten the supply of raw material. However, the demand slowed down due to the downstream pre-stocking in the earlier stage. The price of molybdenum concentrate continues to maintain at high level at RMB 1,460-1,470/t.

Opening this week, ferro molybdenum market is quiet without mass transactions, and enterprises with strong rised mentality try to increase product quotations. With the support of favorable performance in raw material market and the release of downstream demand, ferro molybdenum price will edge higher in the short term.

Molybdenum chemical and deep processing markets also show good signs. Molybdenum chemical manufacturers gradually increase their quotations, limited by terminal customers’ acceptability for high raw material prices. Enterprises in the deep processing market will continue to maintain the current trend in the short term.

Taken together, some enterprises start to delay market activities when the holiday comes, resulting the decline of market trading volume this week. But molybdenum price would be stable considering the multi favorable news. Moreover, molybdenum concentrate, ferromolybdenum and deep processing market may continue to good momentum.

Prices of molybdenum products on Dec. 26, 2017

Picture of ferro molybdenum

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