China Molybdenum Concentrate Price - Jun. 17, 2019
- Details
- Category: Molybdenum's News
- Published on 17 June 2019
- Written by Shuxia
- Hits: 133
China molybdenum prices showed signs of decline in the week began on Monday June 17 affected by the drop in transaction prices of raw materials and pressed steel tenders. Market confidence now is weak and traders have different views on the outlook with low trading activity.
In the molybdenum concentrate market, poor demand side dragged raw material prices down nearly to the cost level. The sales prices in the major production areas dropped, which greatly affected market sentiment. But thanks to the seasonal reason, low output and high costs, the market still gets support. The price is expected to stabilize. For ferro molybdenum market, new round of steel bidding is under pressure and manufacturers tend to wait and see, so market trading remains thin.
Prices of molybdenum products on Jun. 17, 2019
Picture of molybdenum oxide
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