China Ferro Molybdenum Price - Jun. 29, 2020
- Details
- Category: Molybdenum's News
- Published on 29 June 2020
- Written by Shuxia
- Hits: 140
Molybdenum market quotation in China: the latest prices of ferro molybdenum, ammonium molybdate and ammonium heptamolvbdate decline slightly in the first trading day after the holiday of Dragon Boat Festival.
Under the influence of mixed factors, downstream demand is still difficult to increase, purchases and sales are calm. The negative factors are mainly due to the influx of a large number of low-cost resources from abroad into the domestic market, which has caused a certain impact on market confidence. The supply of raw materials is slightly more ample. Most holders of quotations are rational.
The favorable factor comes from the improvement of the enthusiasm for the bidding of steel mills at the end of the month, which is the main source of motivation for traders to support the market. In addition, due to the recent high temperature and heavy rainfall, the domestic molybdenum mining companies have limited production release and profit awareness is stronger, so the price of molybdenum chemical products has less room to fall again.
Prices of molybdenum products on Jun. 29, 2020
Picture of molybdenum copper part
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