China Molybdenum Powder Price - Jun. 19, 2020
- Details
- Category: Molybdenum's News
- Published on 24 June 2020
- Written by Shuxia
- Hits: 155
Molybdenum market quotation: the prices of ferro molybdenum, molybdenum powder and molybdenum concentrate decline slightly as the market is caught in heavy wait-and-see atmosphere with rare transactions concluded.
The molybdenum market is poised for a supply and demand rebalance characterised by stable spot prices, but prolonged uncertainty could worsen demand outlook in 2020.
Deteriorating economic growth, spurred by ongoing trade tensions, weighed on metals demand in 2019 and is expected to drag on demand in 2020. Warnings on lower growth in the automotive industry and the steel sector painted a weak picture for demand in the international markets.
With the European steel industry struggling under burgeoning costs, all eyes are on Chinese demand growth, the world's biggest consumer of molybdenum. Molybdenum is used in the stainless steel industry, as a catalyst in the petroleum and plastics sectors, and in the chemicals, construction and automotive industries.
Prices of molybdenum products on Jun. 19, 2020
Picture of molybdenum powder
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