Molybdenum Concentrate Price - September 4, 2020

molybdenum bar image Molybdenum market quotation in China: molybdenum oxide, molybdenum concentrate and ammonium heptamolvbdate prices were in the upward trend in the week ended on Friday September 4, 2020 affected by increased trading activity and good expectation for market outlook. 

In the molybdenum concentrate market, trading became active compared with last week thanks to increased confidence in the international molybdenum market. Output cuts of mining enterprises also supported raw material suppliers’ firm offers. In the ferromolybdenum market, traders generally received more orders. In the context of the difficulty in purchasing low-priced molybdenum concentrates and recent high enthusiasm in steel tenders, suppliers were reluctant to reduce prices, but affected by the low price of steel tenders, merchants were still facing a greater risk of price inversion. 

The molybdenum chemical and its products market has slightly improved in the golden September. with the continuous enhancement of the upstream market support, the pessimism of the holders has faded slightly, but as the terminal demand failed to meet market expectation, the overall transaction volume was small.

Prices of molybdenum products on September 4, 2020

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Picture of molybdenum bar 

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