Molybdenum Oxide Prices - May 22, 2020
- Details
- Category: Molybdenum's News
- Published on 25 May 2020
- Written by Shuxia
- Hits: 101
Molybdenum market quotation in China: the ferro molybdenum, molybdenum concentrate and molybdenum oxide prices declined slightly in the week ended on Friday May 22, 2020 under many uncertainties with the impact of COVID-19.
In the molybdenum concentrate market, although the hold of the Two Sessions and the increase in the recovery rate of car companies have ushered in a positive atmosphere, the poor performance in the steel market has caused the bearish sentiment of molybdenum companies, and the room for price reduction was large; In the ferro-molybdenum market, under the sharp decline in market price, some steel companies are still willing to enter the market to increase market activity, but the transaction price is basically at a low level; molybdenum chemical and its product market maintains a weak and stable operation. Traders' mentality has not fluctuated significantly affected by the rapid changes in the upstream market.
Prices of molybdenum products on May 22, 2020
Picture of molybdenum bar
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