Molybdenum News Center

China Molybdenum Price - August 21, 2020

China molybdenum price remained stable on the whole in the week ended on Friday August 21, 2020 due to cautious sentiment of market participants. Most buyers keep reasonable inventories, waiting for new guidance from the market. 

Recently, insiders have held different views towards the market outlook. Firstly, although some steel companies are willing to enter the market recently for consumption, the bidding price and quantity are not very satisfactory, which makes it difficult for the holders to make rational quotations. Secondly, affected by heavy rains, many regional molybdenum mining companies have reduced their production, and the logistics and transportation are also slightly constrained. This is not the reason why the downstream ferromolybdenum manufacturers cannot pick up the goods in time and suppliers keep firm offers. In short, the current investors are more concerned about the next steel plant bidding and the resumption of work in Yichun Luming.

Prices of molybdenum products on August 21, 2020

Picture of molybdenum crucible 

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