China Molybdenum Bar Prices - March 27, 2020
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- Category: Molybdenum's News
- Published on 27 March 2020
- Written by Shuxia
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Molybdenum market quotation in China: the latest prices of ferro molybdenum, molybdenum concentrate and molybdenum bar prices decline slightly on March 27, 2020 due to cautious sentiment of downstream users and low trading activity considering continued spread of coronavirus, geopolitical instability in many countries, sluggish consuming markets, and logistics constrains, etc.
In the molybdenum concentrate market, ferro molybdenum buyers remain low purchasing enthusiasm, which has led to sharp decline in molybdenum ores, attracting many buyers to enter the market; the ferro molybdenum market is quiet when production suspension of foreign manufacturing companies weakens market confidence. The time for steel tenders is postponed and new increased orders are limited. Buyers in the foreign manufacturing companies market remain rigid demand and product prices are adjusted in line with raw material markets.
From January to February 2020, China imported 5012 tons of molybdenum concentrate, a year-on-year increase of 160.44%; cumulative imports of molybdenum oxide were 3,000 tons, a year-on-year increase of 493.25%, according to the data released by China Customs.
Prices of molybdenum products on March 27, 2020
Picture of molybdenum bar
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