Sodium Molybdate Price - Aug. 01, 2018
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- Category: Molybdenum's News
- Published on 01 August 2018
- Written by may
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The molybdenum market in China appeared to be warming up in sympathy, with prices continuing to push higher. Ferromolybdenum rose to RMB 134,000/ ton from RMB 132,000/ton previously, molybdenum concentrate rose to RMB 1,790/ ton from RMB 1,750/ton, while molybdenum oxide rose to RMB 1,930/ ton from RMB 1,900/ton.
“It feels like a lot of people are spooked by the big move in moly recently. Some are considering profit-taking, some consider taking long positions, some are undecided," an Asian trader said.
A second Asian trader said: "I think a bit of profit-taking can happen, but still Chinese concerns over environmental inspections are rising and the upward trend is still intact."
Shangdong Iron and Steel Group plan to issue buy tender in August for 200 tonnes of ferro molybdenum in price RMB 134,200/t; Xinxing Ductile Iron Pipes issued 30 tonnes of ferro molybdenum in price RMB 138,000/t.
Prices of molybdenum products on Aug. 01, 2018
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