China Molybdenum Bar Prices - March 24, 2020
- Details
- Category: Molybdenum's News
- Published on 24 March 2020
- Written by Shuxia
- Hits: 161
The latest of ammonium molybdate, sodium molybdate and molybdenum bar prices are unchanged from the previous trading day because of deadlocked supply and demand, weak market confidence and thin market transactions.
Insiders hold different views on the outlook.
Firstly, the market is expected to be weak. Due to the spread of the coronavirus grobally, the development of high-tech industries such as new energy vehicles, petroleum, and electronic products is relatively slow, resulting in slow demand of downstream users for molybdenum products. Most of buyers remain rigid demand, which is difficult to support market prices. Therefore, the prices of some molybdenum chemical products have been adjusted slightly.
Secondly, the prices of molybdenum are expected to stop falling and stabilize. Although the buyer's demand is weak at present, molybdenum mining companies can find a new balance for supply and demand in the market by reducing the release of raw material capacity, so that the price of molybdenum may maintain stability.
Prices of molybdenum products on March 24, 2020
Picture of molybdenum bar
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