Molybdenum Rod Price - July 31, 2020

molybdenum plate image The ferro molybdenum, molybdenum concentrate and molybdenum rod prices in the Chinese market were in the downward trend in the week ended on Friday July 31, 2020 as buyers and sellers held different towards the trading prices. Downstream users remained rigid demand to keep reasonable inventories while upstream sellers who faced great selling pressure were will to increase the shipments. 

The molybdenum concentrate market was under pressure. The insufficient consumption capacity of ferromolybdenum merchants and the large amount of raw material imports are the main factors that make it difficult for the price of molybdenum concentrate to rebound. However, due to the support of cost and stabilization of the international market, holders' willingness to sell at a low price is not strong; in the ferromolybdenum market, the sluggish state of the steel recruitment market is difficult to change, resulting in strong pessimism among suppliers. The quotation of ferromolybdenum is deadlocked at 89,000 yuan/ton. In the molybdenum chemical and its products market, under the poor upstream market prosperity and lack of end-customer demand, it is difficult for traders to regain confidence, and transaction prices are mostly in a low level.

Prices of molybdenum products on July 31, 2020

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Picture of molybdenum plate 

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