China Ferro Molybdenum Price - Aug. 12, 2020
- Details
- Category: Molybdenum's News
- Published on 13 August 2020
- Written by Shuxia
- Hits: 144
The ferro molybdenum and molybdenum concentrate prices in China show signs of rise supported by positive factors. Both buyers and sellers are willing to enter the market and market trading becomes active.
The molybdenum concentrate market has improved slightly. The rising international molybdenum prices have a certain supporting effect on market confidence. In addition, production cuts of most molybdenum mining companies and logistic constrain also stimulate downstream users to complete their purchase plans ahead of schedule. Market trading increases.
The ferro molybdenum market is still under pressure. In an environment where raw material prices are relatively high and steel companies are less motivated to enter the market, ferromolybdenum merchants are in a dilemma, product prices remain stable, and orders are limited; in the molybdenum chemical industry and its products market, there is no obvious change in the overall situation. In the case of insufficient upstream market and policy, end customers still maintain the on-demand procurement model, which makes it difficult for suppliers to raise their quotations and actual transactions are sluggish.
Prices of molybdenum products on Aug. 12, 2020
Picture of molybdenum electrode
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