Molybdenum Concentrate Price - June 12, 2020

molybdenum plate image Molybdenum market quotation in China: the latest prices of molybdenum oxide, molybdenum concentrate and ferro molybdenum maintain stability in the week ended on Friday June 12, 2020 on balanced supply and demand in the market.

The molybdenum concentrate market is quiet on the whole. Although the demand of steel companies is strong and the current raw material price is declining, ferro molybdenum merchants have high consumer sentiment. The price increase of molybdenum concentrate is still difficult. This is mainly due to the large number of overseas low-cost resources flowing into the country.

In the ferro-molybdenum market, mainstream offers of products are between 9.9-10.2 million yuan/ton. This week, steel mills are more active in bidding, but the price of ferro-molybdenum is still difficult to rise because of the low bid prices and the unstable macroeconomic environment; The molybdenum chemical industry and its products market remains stable because market demand remains sluggish. End users mainly consume inventory and keep rigid demand while the holders had limited profits and fewer new orders.

Prices of molybdenum products on June 12, 2020

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