China Ferro Molybdenum Price - October 12, 2019
- Details
- Category: Molybdenum's News
- Published on 12 October 2019
- Written by Shuxia
- Hits: 171
Molybdenum market quotation in China: ferro molybdenum price stabilized while prices of molybdenum concentrate, sodium molybdate and ammonium molybdate edged lower in the week ended on Friday October 11, 2019. Molybdenum raw material prices were weak as terminal users has limited consumption for them. Some of mining enterprises took the initiative to sell products, so the whole market trading increased.
In the ferro molybdenum market, actual transactions were limited with the impact of poor performance of steel tenders and cost pressure. In the short term, ferro molybdenum manufacturers will face pressure of price inversion. For molybdenum chemical and product market, the fundamentals was still weak, buyers purchased replying on rigid demand while sellers mainly took a watchful stance.
Prices of molybdenum products on October 12, 2019
Picture of ferro molybdenum
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