Molybdenum Powder Price - October 12, 2020

molybdenum plate image Molybdenum market quotation in China: the ammonium molybdate, ammonium heptamolvbdate and molybdenum powder prices maintain stability when insiders have high enthusiasm in trading and also have good expectation for the market outlook.

In the molybdenum concentrate market, the fundamentals are relatively stable. Although downstream users are more enthusiasm for purchasing after the holiday, the price of molybdenum concentrate has not changed significantly due to the unabated production capacity of molybdenum mining companies, which is about RMB 1,400.00/ton.

The ferromolybdenum market is improving. Under the situation that the price of molybdenum raw materials is strong, the considerable volume and price of steel companies bidding is the main reason for the revival of the confidence of the holders, and the transaction price of the bulk market has risen slightly.

In the molybdenum chemical industry and its products market, the overall trading enthusiasm still has a large room for improvement, and end customers basically maintain rigid demand. However, in the case of stronger upstream and international markets, holders basically maintain firm quotations.

In the news: The China Association of Small and Medium Enterprises issued data showing that China's SME Development Index was 86.8 in the third quarter, which was 1.3 points higher than in the second quarter, and rebounded for two consecutive quarters.

Prices of molybdenum products on October 12, 2020

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