China Molybdenum Price - July 14, 2020

molybdenum plate image China molybdenum price remains weak adjustment due to continued weak consumer appetite, poor performance in the international market and limited good news from the countries. The production cost is hard to support sellers' strong rised mentality, but with the gradual end of the coronavirus, some industries are recovering slowly. 

The molybdenum concentrate market is in a downward trend. The weak demand from downstream and the import of low-price resources from overseas markets have made the increase in market supply. Therefore, mining enterprises are not optimistic. In the ferro molybdenum market, the new round of steel tenders has not yet restarted and prices may stabilize below RMB89,000/t in the short term. The molybdenum chemical and its products market is expected to be weak with rare transactions concluded.

Prices of molybdenum products on July 14, 2020

China molybdenum price image

Picture of molybdenum plate 

molybdenum plate image

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