Molybdenum Concentrate Price - September 9, 2020
- Details
- Category: Molybdenum's News
- Published on 09 September 2020
- Written by Shuxia
- Hits: 126
The ferro molybdenum, molybdenum concentrate and molybdenum powder prices in the Chinese market are in the upward trend in early September due to increased trading activity and boosted market confidence.
Trading in the molybdenum concentrate market has increased. In addition to the Golden September and the recovery of the international molybdenum market bring certain benefits to the raw material market. Domestic downstream demand’s rebound contributes to the increase in quotation of most molybdenum mining companies. Now it is difficult to find low-priced goods in the market.
In the ferromolybdenum market, the supply and demand are severely imbalanced. Affected by the construction of new and old infrastructure projects, steel companies are able to consume. Besides that, in the situation where upstream merchants are hesitant to sell their stocks, sellers have a stronger desire to increase price. In the market of molybdenum chemical and its products, with the gradual increase of end-customer inquiries and sufficient upstream market forces, investors have maintained their mentality and the prices of some molybdenum chemical products have risen slightly.
Prices of molybdenum products on September 9, 2020
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