Molybdenum News Center

Molybdenum Powder Price - September 24, 2020

Molybdenum market quotation in China: the prices of molybdenum powder, molybdenum oxide and ammonium heptamolvbdate are unchanged from the previous trading day. As most traders remain rigid demand, the inquiry is low and actual transactions are limited. In the short term, the market is expected to be weak. 

In the molybdenum concentrate market, although the market trading atmosphere is low due to low enthusiasm of downstream molybdenum manufacturers and the imminent resumption of work in Yichun Luming, mainstream molybdenum mines are supported by production costs. Enterprises still have a strong sense of keeping firm prices, and the current molybdenum concentrate price is deadlocked at RMB 1,410/ton.

In the ferromolybdenum market, the overall pressure remains. Although the steel bidding market is still active, the bidding price is low, making it difficult for the holders to increase the quotation. Therefore, the recent transaction price hovers at a relatively low level. 

In the molybdenum chemical and its products market, product prices are difficult to rise or fall, and end-user operations are mostly cautious. Therefore, market transactions are slightly weak. However, with the support of raw material prices, supplier quotations are generally firm to avid risk of price inversion.

Prices of molybdenum products on September 24, 2020

Picture of molybdenum bar 

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