Molybdenum News Center

Ammonium Molybdate Price - August 26, 2020

The ferro molybdenum, ammonium molybdate and ammonium heptamolvbdate prices continue to remain stable affected by continued spread of coronavirus, geopolitical risks, bad weather and logistic constrains. Offers are hard to be raised while buyers can not find low-price resources. 

In the molybdenum concentrate market, the overall operation is stable. Although downstream merchants are not motivated to receive goods, under the situation of domestic mining enterprises' production reduction and international market activity, suppliers have strong willingness to stabilize prices. In the ferro molybdenum market, there are many new orders. In addition to the relatively high transaction enthusiasm in the steel market, the current product prices are relatively low, which is also the reason for the increased desire of buyers to enter the market. However, due to the low price of steel, ferromolybdenum manufacturers are still facing a greater risk of price inversion. 

In the molybdenum chemical and its products market, trading is still sluggish. End customers basically maintain order-to-order purchases and reasonably control the growth rate of inventories. The interest of holders is also slightly weak, so the transaction volume is small.

Prices of molybdenum products on August 26, 2020

Picture of molybdenum rod 

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