China Molybdenum Powder Price - September 22, 2020

molybdenum parts imageChina molybdenum powder and ferro molybdenum prices are unchanged from the previous trading day under the stable international molybdenum prices and increased trading activity.

In the molybdenum concentrate market, the fundamentals of supply and demand have gradually strengthened. The willingness of downstream ferromolybdenum merchants to receive goods slightly increases before the holiday, which is the reason for the improved demand. However, as mainstream molybdenum mining enterprises increase their capacity, the next thing the industry focuses on is the shipment plan of the raw material supplier.

In the ferro-molybdenum market, the overall transaction enthusiasm is relatively high, and many steel companies are willing to enter the market to purchase. This is the main factor for traders' boosted confidence. However, due to the low bidding price, the transaction price is basically below 98,000 yuan/ton. 

In the molybdenum chemical and its products market, there is no significant change in the market for the time being. This is mainly due to the insufficient driving ability of the upstream market and the poor performance of the terminal demand market. The current market price is in a stalemate that is difficult to rise and fall.

Prices of molybdenum products on September 22, 2020

China molybdenum powder price image

Picture of molybdenum parts 

molybdenum parts image

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