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Molybdenum Concentrate Prices - August 2, 2019

Molybdenum market quotation in China: the latest prices of ferromolybdenum, molybdenum concentrate and molybdenum oxide rise slightly in the week ended on Friday August 2, 2019 thanks to the tightening availability of raw materials and good market confidence. 

Firstly, most of mainstream molybdenum mines are in low inventory, and the market supply of spot resources is relatively tight. The ferromolybdenum manufacturers are still more active in the procurement of molybdenum concentrates, but the supply gap is difficult to fill, and the industry is willing to wait for the next move in the market. It is expected that there will be an upward trend for molybdenum prices in the near future. Secondly, in the ferromolybdenum market, the tenders of steel mills are still coming in. The atmosphere of the enquiry is relatively good, and the supply of raw materials is insufficient. Many factories have already reluctantly sold out and stopped quoting. The market price remains high.

Prices of molybdenum products on August 2, 2019

Picture of molybdenum powder

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