China Molybdenum Bar Price - Jan. 7, 2020

molybdenum bar image Molybdenum market quotation in China: molybdenum concentrate, ferro molybdenum and molybdenum oxide prices are in the upward trend on Jan. 7, 2020 as a result of good confidence under good performance in the international molybdenum market. 

Under the pressure of environmental protection and blackening and rectification, the production capacity of most mining companies has shrunk in the molybdenum concentrate market. In addition, near the end of the year, affected by the imminent shutdown of some logistics, the sentiment of downstream users has slightly increased, and market transactions have increased. 

In the ferromolybdenum market, the fundamentals are more optimistic. Affected by the successive bidding by steel companies, intermediate smelters have gradually strengthened their bullish sales, and ferromolybdenum prices have risen slightly; molybdenum chemicals and their products market is still stable. Driven by the good atmosphere in the upstream market, holders are basically holding strong prices and their prices have remained firm.

Prices of molybdenum products on Jan. 7, 2020

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Picture of molybdenum bar 

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