Molybdenum News Center

Sodium Molybdate Price - September 3, 2020

Molybdenum market quotation in China: the prices of sodium molybdate, ammonium molybdate and ammonium heptamolvbdate are unchanged from the previous trading day on September 3, 2020 owing to quiet market trading and cautious sentiment of market participants. 

In the molybdenum concentrate market, liquidity is expected to further improve. In addition to increasing consumer willingness to purchase is the reason for the slow recovery of confidence in the market, the international molybdenum price has stopped falling and starting to rebound, which is also a factor that molybdenum mining companies have increased their intention to raise quotations. Orders in the ferro market increased compared with last week, and steel companies entered the market one after another for bidding, which is the source of motivation for ferromolybdenum merchants to maintain firm quotations. In the short term, the market is expected to be positive. The molybdenum chemical and its products market generally remains weak. In the case of strong signals of rising raw material prices, suppliers’ sentiment towards price increases slightly, and their willingness to cut price is weak.

Prices of molybdenum products on September 3, 2020

Picture of molybdenum sheet

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