Molybdenum Bar Price - Jan. 17, 2018
- Details
- Category: Molybdenum's News
- Published on 17 January 2018
- Written by may
- Hits: 235
The international market supply will remain short in a long time, but under the strong demand, molybdenum price besides China tends to be stable. Affected by the good performance in the international market, the price of molybdenum concentrate and ferro molybdenum continues to increase, especially when mines raised market quotation, sellers are more reluctant to sell. The supply of molybdenum concentrate will be tight in the short term.
In the ferromolybdenum market, manufacturers raise product quotations while traders slow down their paces for purchasing when facing the current market price. With the approaching of Chinese Spring Festival, more enterprises reduce their stocks to relieve financial pressure. So the situation of steel biddings in this week and next week would be very important to trend of ferromolybdenum. The price of ammonium molybdate and molybdenum powder is closely related to terminal demand. If the demand is strong, then the price will rise.
Prices of molybdenum products on Jan. 17, 2018
Picture of molybdenum bar
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