Molybdenum Concentrate Price - July 16, 2020

molybdenum wire image China molybdenum price remains weak adjustment amid low buying appetite and imbalance relationship between the supply and demand. Sellers have strong willingness to sell products while consumers' consumption for raw materials is weak. As a result, actual transactions are limited. 

One is that the time for steel companies to enter the market for bidding has not yet arrived, so the demand side is not performing well, which leads to the pessimism of ferromolybdenum manufacturers, but supported by production costs, the probability of ferromolybdenum prices falling again is small; the second is due to the slight improvement in international market and the reduction in output of some molybdenum mining companies, the prices of molybdenum concentrate fluctuated within a narrow range. Many industry insiders indicated that market prices may stabilize and rebound in the future.

Prices of molybdenum products on July 16, 2020

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