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China Ferro Molybdenum Prices - Oct. 16, 2019

Molybdenum market quotation in China: the latest molybdenum concentrate and ferro molybdenum prices decline slightly while molybdenum oxide price is unchanged from the previous trading day. Affected by the drop of international molybdenum prices, domestic market is full of low atmosphere. 

First, the enthusiasm of terminal demand is still not high recently, which has led to rasied sentiment of sales of some mining enterprises and intermediate smelters, and the corresponding product prices have maintained at a relatively low level; second, under the persistent supply shortage and active steel biddings, product prices rose sharply in the previous stage, but now most steel mills try to force prices down, resulting in the decline in offers. But the decline is limited supported by raw material prices.

Prices of molybdenum products on Oct. 16, 2019

Picture of ferro molybdenum

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