Molybdenum News Center

China Molybdenum Price - August 28, 2020

China molybdenum price maintained stability in the week ended on Friday August 28, 2020 due to weak supply and demand sides. Upstream merchants have a strong psychology to make profits, while downstream users are relatively less motivated to enter the market for inquiries and purchases, so the enthusiasm for on-site transactions is not high.

On the one hand, affected by the fact that the last round of steel tenders has just ended and the next round of bidding has not yet begun, the demand is slightly sluggish and difficult to heat up. In addition, there is no major positive news on the policy side. The sentiment of stocking is more cautious, so the order growth rate is slow. On the other hand, under the background that the second round of environmental protection inspection is about to be fully launched and the weather is still hot and rainy, the difficulty of raw material mining is too large and the release of production capacity is limited. This is the main source of motivation for the holders to firm up their quotations.

Prices of molybdenum products on August 28, 2020

Picture of molybdenum target 

Follow our WeChat to know the latest molybdenum price, information and market analysis.

• < Prev
• Next >