Molybdenum News Center

Molybdenum Oxide Price - July 9, 2020

The ferro molybdenum, molybdenum oxide and molybdenum oxide prices still maintain stability as most market participants are waiting for a new round of rise. Both downstream and upstream companies control their stocks reasonably. 

European and US molybdenum oxide prices are currently at three-year lows of $7.20-7.40/lb du Rotterdam and $7.45-7.65/lb fob US warehouse, respectively, with sellers struggling to drum up enough local spot business as lockdown measures drag on. As a result, they are now diverting more material toward China, where demand has already rebounded post-lockdown.

Despite China presenting some opportunities for western suppliers to offload material, the landscape remains unstable and choppy, and European market participants are closely monitoring demand fundamentals — much of which is focused on the oil, gas and automotive sectors — for more robust signs of recovery, which will then bolster both oxide and ferro-molybdenum.

Prices of molybdenum products on July 9, 2020

Picture of molybdenum rod 

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