China Ferro Molybdenum Price - July 26, 2019
- Details
- Category: Molybdenum's News
- Published on 26 July 2019
- Written by Shuxia
- Hits: 198
China molybdenum prices stabilize but show signs of rise in the week ended on Friday July 26, 2019, thanks to active inquiry under the tightening availability of raw materials and increased demand of ferro molybdenum from steel mills. But both buyers and sellers still remain cautious sentiment.
In the molybdenum concentrate market, due to the impact of equipment maintenance and environmental supervision by many mining companies, the production of raw material continues to decline, and the supply is in shortage. Therefore, sellers raised product offers to ease the tension of shipment. In the ferro molybdenum market, downstream is active in taking orders while upstream is reluctant to sell. As a result, ferro molybdenum price climbs slightly. Molybdenum chemical and product market remains stable on the whole. Purchasers are not active in replenishment, replying on rigid demand. And affected by firm raw material prices,, most traders have good confidence now.
Prices of molybdenum products on July 26, 2019
Picture of molybdenum powder
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