Sodium Molybdate Prices - Dec. 5, 2019
- Details
- Category: Molybdenum's News
- Published on 05 December 2019
- Written by Shuxia
- Hits: 209
The sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices in the Chinese market continue to rise as most sellers have strong rised mentality with the support of tight raw material supply.
In the molybdenum concentrate market, the fundamentals are performing well, and the low-cost supply in the market is gradually decreasing, supporting the mining companies' confidence in the market. The sales pressure has eased slightly, and the short-term outlook may continue to improve; in the ferromolybdenum market, because only a few steel companies entered the bidding process at the beginning of the month, the market trading atmosphere was average. However, it was not easy to get goods at low prices and the ferromolybdenum inventory was low, which caused the smelting prices of intermediate smelters to increase.
In general, the overall market has slightly warmed up. Although end customers still maintain on-demand purchases, due to the influence of the upstream bullish atmosphere, suppliers have generally strengthened their bidding confidence and exercise caution.
Prices of molybdenum products on Dec. 5, 2019
Picture of sodium molybdate
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