Molybdenum News Center

Molybdenum Oxide Price - October 19, 2020

Molybdenum market quotation in China: the molybdenum oxide, ferro molybdenum and molybdenum powder prices keep stable in the middle of October under the quiet market. 

In the molybdenum concentrate market, although the price of molybdenum concentrate did not increase significantly before the holiday, due to limited consumption capacity of downstream ferro-molybdenum merchants, the order growth rate is relatively slow; in the ferro-molybdenum market, the activity on the market is slow, which is mainly due to the reduction in the enthusiasm of steel companies for bidding. But supported by raw material prices, holders generally have a strong willingness to reluctantly sell prices; in the market of molybdenum chemical and its products, product prices are difficult to rise and fall. As the upstream market stabilizes, the supplier’s awareness of rising expectations has gradually disappeared. However, due to the acceptable speed of replenishment of terminal customers, the probability of market price reduction is small.

In September, the automobile production and sales in China reached 2.524 million and 2.565 million respectively, up 19.1% and 17.4% month-on-month, and up 14.1% and 12.9% year-on-year. Among them, the production and sales of new energy vehicles reached 136,000 and 138,000, respectively, seeing an increase of 28.9% and 26.2%, year-on-year growth of 48.0% and 67.7%. From January to September, the production and sales of automobiles were 16.957 million and 17.116 million, down 6.7% and 6.9% year-on-year; during the same period, the production and sales of new energy vehicles were 738,000 and 734,000, down 18.7% and 17.7% respectively.

Prices of molybdenum products on October 19, 2020

Picture of molybdenum plate 

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