Molybdenum Rod Price - May 7, 2020

molybdenum rod image The latest prices of ferro molybdenum and molybdenum concentrate edge higher while molybdenum rod price remains stable in the Chinese market in early May due to increased trading activity of downstream. 

Firstly, under the background of promising infrastructure, steel mills have increased volume and price of tenders, which has boosted market confidence. The ferro-molybdenum merchants keep firm offer while downstream users also have higher enthusiasm to purchase. Secondly, due to recent tight supply of raw material molybdenum concentrate, stimulating downstream consumers to increase their buying sentiment, it is difficult to find low-cost resources on the market. Thirdly, with the improved situation of coronavirus, the economies of various countries are recovering slowly, and the focus of international molybdenum prices has moved slightly upwards, driving the steady development of the domestic molybdenum market.

Prices of molybdenum products on May 7, 2020

molybdenum rod price image

Picture of molybdenum rod 

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