Molybdenum News Center

China Molybdenum Bar Prices - April 30, 2020

The latest of molybdenum powder, ammonium molybdate and molybdenum bar prices are unchanged in the last trading day in April, but the whole market shows signs of rise under various uncertainties. 

The molybdenum concentrate market is good in the fundamental. In order to prevent the spread of the coronavirus, the production of Peru’s Antamina copper mine was suspended in the previous week, resulting in a decline in raw material imports. Coupled with the arrival of the May Day holiday, the output of molybdenum concentrate has been reduced, which makes most of the holders temporarily have no mentality to reduce prices, and it is difficult to find low-priced sources in the market.

In the market of ferro molybdenum, under the background of active bidding of steel mills and tight supply of raw materials, ferro-molybdenum merchants have strong confidence in to keep firm offers, so the price of ferro molybdenum is difficult to fall. The molybdenum chemical and product market is stable affected by good atmosphere in the upstream. But as the terminal market is still weak in demand, product prices are hard to be raised.

Prices of molybdenum products on April 30, 2020

Picture of molybdenum bar 

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