Molybdenum Concentrate Price - July 30, 2020

molybdenum bar image The molybdenum concentrate, ammonium molybdate and ammonium heptamolvbdate prices in the Chinese market are in the downward trend at the end of July due to cautious sentiment of market participants. Offers in the market are in a low level, but deals still see no increase. 

Firstly, offers in the international market remain strong, which has played a certain role in supporting domestic confidence. The mainstream molybdenum mining companies are less willing to cut prices and sell; secondly, although the initiative of steel companies to enter the market is low, domestic molybdenum mine production capacity is limited due to the difficulty in mining caused by bad weather, which supports the confidence of traders to raise price to some extent. In addition, the time for the resumption of work and production in Yichun Luming has not been clear. In short, it is difficult for the prices of molybdenum chemical products to rebound in the short term.

Prices of molybdenum products on July 30, 2020

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Picture of molybdenum bar 

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