Molybdenum Oxide Price - June 18, 2020
- Details
- Category: Molybdenum's News
- Published on 24 June 2020
- Written by Shuxia
- Hits: 85
The ferro molybdenum, molybdenum oxide and ammonium molybdate prices remain weak adjustment in the Chinese market when global economy seems slowdown and the market faces geopolitical risk. Traders hold cautious sentiment to avoid more risks from the instability.
The main reason for the weak molybdenum concentrate market is mainly due to continued sluggish demand from overseas markets, plus with the decline in the international molybdenum prices, insiders are negative now. Trading activity in the ferro molybdenum market still has room to improve. Although some steel mills are willing to purchase, the price of steel tenders is low but sellers are reluctant to cut profits. As a result, actual transactions reduce. Orders in the molybdenum chemical and product market do not see an increase and are expected to be low until the end of the COVID-19.
Prices of molybdenum products on June 18, 2020
Picture of ferro molybdenum
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