China Molybdenum Price - April 24, 2020
- Details
- Category: Molybdenum's News
- Published on 27 April 2020
- Written by Shuxia
- Hits: 94
The molybdenum price in China was in the upward trend in the week ended on Friday April 24, 2020 because both buyers and sellers are active in trading. But with the impact of negative factors, insiders hold different views on the outlook.
In the molybdenum concentrate market, affected by the approaching of May Day and the increase in production suspension for maintenance, the production capacity of raw material has reduced, which increases molybdenum companies' raised mentality. Molybdenum concentrate prices edge higher. Under stable steel tenders and tight supply of raw materials, ferro molybdenum businesses have good confidence and prices are expected to stabilize in the short term. The molybdenum chemical and product market also stabilizes affected by the performance in the upstream. Suppliers mainly keep firm offers.
Prices of molybdenum products on April 24, 2020
Picture of molybdenum powder
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