China Molybdenum Powder Price - Aug. 13, 2020
- Details
- Category: Molybdenum's News
- Published on 13 August 2020
- Written by Shuxia
- Hits: 115
Molybdenum market quotation in China: the prices of sodium molybdate, ammonium heptamolvbdate and molybdenum powder continue to keep stable on increased trading activity and good market confidence.
In the molybdenum concentrate market, the heavy rains in Shaanxi province, China have caused most molybdenum mining companies to reduce their output or even stop production. In addition, Yichun Luming has not resumed work. Therefore, the domestic spot supply of molybdenum concentrates is relatively tight, thereby supporting the confidence of the holders of firm offers.
In the ferromolybdenum market, the overall wait-and-see atmosphere is relatively strong. When the upstream molybdenum raw material inventory is small and the supply is tight, ferromolybdenum manufacturers are difficult to buy at low prices, and due to the low price of steel tenders, merchants are currently facing greater risks of price inversion. The molybdenum chemical and its products market does not show any significant improvement, and remains flat, with less terminal demand. However, in the context of strong rebound sentiment in the upstream market, it is difficult for suppliers to cut prices again in exchange for orders, and the quotations are temporarily stable.
Prices of molybdenum products on Aug. 13, 2020
Picture of molybdenum rod
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