Chinese Molybdenum Prices - Nov. 15, 2018
- Details
- Category: Molybdenum's News
- Published on 15 November 2018
- Written by Shuxia
- Hits: 197
Chinese molybdenum prices are in the downward trend, with strong support from raw material market but continued weak demand in the terminal market. Early-stage risks that prices are high have not yet released completely. Purchases in steel tenders become more cautious, enterprises affected by environmental protection orient their works to the needs of the market, and enquiry also reduces.
Most sellers now consider profit-taking, which further raise downstream enterprises’ sentiment of forcing prices down. But spot resources are tightening availability, with limited room for price decline. In the week, market participant will mainly wait and see.
Prices of molybdenum products on Nov. 15, 2018
Picture of molybdenum powder
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