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Molybdenum Powder Price - Dec. 29, 2017

Molybdenum market quotation: approaching the Chinese new year, domestic molybdenum market is running steadily amid molybdenum raw material is tight and market trading is active. After the Christmas, international molybdenum price rises sharply. Affected by that, domestic related manufacturers raise their quotation. But market trading is less. The cold weather is still influencing the production of mines, so shortage of raw material will continue.

This week, large steel mills enter the market to call for bids of ferromolybdenum. As of December, the total amount of purchased ferromolybdenum has reached 9,200 tonnes and tender price also follows up steadily. In addition, with the influence of favorable factors at home and abroad, insiders are bullish on the price. Prices in the downstream molybdenum chemical and products market are firm, but the rise is limited by weak market demand. Molybdenum powder price is rising to RMB 19,800-20,100/t, some even range to RMB 20,200-20,300/t in some areas. At present, most insiders are optimistic about the market.

Prices of molybdenum products on Dec. 29, 2017

Picture of molybdenum powder

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