Molybdenum News Center

Sodium Molybdate Price - October 21, 2020

Molybdenum market quotation in China: sodium molybdate, molybdenum bar and molybdenum oxide prices are unchanged from the previous trading day due to deadlocked supply and demand in the market. Under persistent weakness in the demand side and low inventories of downstream, suppliers are still reluctant to sell their products.

From the point of view of negative factors, firstly, the last round of tendering for steel mills has just ended and the next round of tendering has not yet begun, which is the main reason for the depressed mood of the entire domestic molybdenum market; Second, the slight decline in international molybdenum prices has impacted the confidence of domestic market to a certain extent; Third, the second wave of Covid-19, geographical conflicts between countries, and large fluctuations in the RMB exchange rate have also brought certain obstacles to the export market.

From the perspective of positive factors, first, industries such as new energy vehicles, 5G, and new and old infrastructure slowly recover with the little impact of coronavirus in China, which in turn will bring some hope to most investors; second, comprehensive In consideration of production costs and corporate profits, suppliers are also cautious and unwilling to cut too much profit, so market transactions are limited.

Prices of molybdenum products on October 21, 2020

Picture of molybdenum crucible 

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