China Molybdenum Prices - August 23, 2019

sodium molybdate image China molybdenum prices remained weak adjustment in the week ended on Friday August 23, 2019 due to persistent stalemate in the industry chain and different sentiments of traders. The space for price decline of purchasers and a rise in selling prices was limited. 

In the molybdenum concentrate market, the overall mentality was considerable. Although downstream demand was slightly weak, mainstream mining enterprises were still firm in quotation, and the high volume of the bulk cargo market was gradually decreasing. In the ferromolybdenum market, overall inquiry was relatively weak. The price was in a high-level correction. As the demand for steel mills was released more cautiously and slowly, a small number of intermediate smelters were slightly lower in price to find orders, but they were supported by cost, and the space for decline was limited.

Prices of molybdenum products on Aug. 23, 2019

China molybdenum prices image

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