Ferro Molybdenum Price - July 29, 2020

ferro molybdenum image Molybdenum market quotation in China: the prices of ferro molybdenum, sodium molybdate and ammonium heptamolvbdate still maintain stability when sellers remain low offers and downstream users become active in inquiring. But the market outlook seems uncertain now. 

The reduction in the volume and price of steel mills’ bidding and unchanged imports from international markets are the main reason for the abundant supply, plus with capital shortage, sellers are hard to raise their offers, which stimulate buyers to consume. In addition, the recent harsh climate has caused natural disasters such as floods and mudslides in many places. This not only increases the difficulty of mining, but also leads to a slowdown in logistics and transportation, which brings certain benefits to the supply side.

Prices of molybdenum products on July 29, 2020

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Picture of ferro molybdenum

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