Molybdenum News Center

Molybdenum Powder Price - August 31, 2020

Molybdenum market quotation in China: the prices of molybdenum bar, sodium molybdate and molybdenum powder maintain stability in the last trading day in August 31, 2020 when investors hold different views towards the late market trend. The whole transactions also need to be followed up. 

Negative factors: first, the tendering market for steel mills has not been active, which affects the sales of molybdenum chemical raw materials and hinders the recovery of the confidence of holders; second, the reduction of some international molybdenum prices may increase the import of molybdenum raw materials again, thereby increasing suppliers’ sales pressure.

Favorable factors: first, the hot and rainy weather and strict environmental protection inspections are the reasons for the reduction of domestic production, so the quotation is firm; second, the time for the resumption of work in Yichun Luming has not yet been determined, and it also offers support for molybdenum companies to keep firm offers. 

Prices of molybdenum products on August 31, 2020

Picture of molybdenum powder

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