China Ferro Molybdenum Price - September 14, 2020
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- Category: Molybdenum's News
- Published on 14 September 2020
- Written by Shuxia
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Molybdenum market quotation in China: ferro molybdenum price continues to rise while molybdenum concentrate and molybdenum powder prices keep stable due to increased market trading activity.
Last week, due to the high enthusiasm of steel mills for inquiries and purchases, the quotations of relevant raw material manufacturers increased significantly. The price of molybdenum concentrate was around 1,420 yuan/ton, and the price of ferromolybdenum was consolidated at 98,000 yuan/ton. Low-priced resources on the market are hard to be found. Driven by the good atmosphere in the upstream molybdenum raw material market, the market for molybdenum chemical and its products also improved slightly, and product prices rose slightly. In general, the relationship between supply and demand is still the main factor affecting the price changes of molybdenum raw materials.
As for the overseas markets, Asian market activity continued to lead the uptrend in molybdenum prices in the first half of the week with the oxide and alloy markets reaching four and a half month highs, sources expressed on Wednesday September 9.
Institutions' price assessment for drummed molybdic oxide, in-whs Busan moved up by 4% to $8.50-8.60 per lb on September 9 from $8.15-8.30 per lb the week before.
Prices of molybdenum products on September 14, 2020
Picture of molybdenum screw
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