Molybdenum News Center

Molybdenum Powder Price - September 17, 2020

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and molybdenum powder prices are unchanged from the previous trading day on September 17, 2020 with the impact of many uncertainties in the international market. Now the market is quiet with low trading activity.

In the molybdenum concentrate market, high-price transactions are difficult to be concluded. In addition to the insufficient consumption capacity of downstream users, the continuous increased output of molybdenum mining enterprises and increased import of molybdenum raw materials have all contributed to the difficulty of increasing the price of molybdenum concentrate. 

In the ferro molybdenum market, the bulk cargo market is relatively low. This is mainly due to the fact that some steel companies still have large stocks and are not eager to purchase goods. In addition, due to the approach of Mid-Autumn Festival and National Day, a small number of steel companies slow down the pace of purchasing. Under the limited support from the upstream, ferromolybdenum merchants try to maintain stable prices.

In the molybdenum chemical and its products market, on-site purchases and sales tend to be calm, and there is no good news released on the policy side, which is one of the reasons why terminal demand is difficult to pick up. The poor trading atmosphere in the upstream market also hinders the adjustment of the quotations of holders. One of the highlight of insiders is whether the molybdenum price will fall again in the short term.

Prices of molybdenum products on September 17, 2020

Picture of molybdenum crucible 

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