Molybdenum News Center

China Molybdenum Price - July 7, 2020

China molybdenum price is unchanged from the previous trading day affected by many uncertain factors. Both buyers and sellers hold cautious sentiment, resulting in rare transactions concluded. 

This year's Covid-19 pandemic related slump in molybdenum prices has widened arbitrage opportunities for western oxide suppliers into China, with buyers both inside and outside China likely to seize the opportunity to lock-in material under term-contracts before economies and prices start to recover.

One producer mentioned this week that he had sold over 100t of oxide to China at $0.20/lb higher than the du Rotterdam assessment range of $7.20-7.40/lb. Furthermore, a trader mentioned that he had sold two containers of ferro-molybdenum to Tianjin at $19/kg cif, which is around $1/kg higher than du Rotterdam prices. China's ferro-molybdenum prices are at just over $21/kg including a value-added tax and import tax which, when removed, render this inter-regional trade profitable for both counterparties.

Prices of molybdenum products on July 7, 2020

Picture of molybdenum powder

Follow our WeChat to know the latest molybdenum price, information and market analysis.

• < Prev
• Next >