China Sodium Molybdate Price - November 2, 2020

molybdenum ore image Molybdenum market quotation in China: ferro molybdenum, molybdenum powder and sodium molybdate prices maintain stability in the week began on Monday November 2, 2020 as the market is in a stalemate. 

There is a difference between industry players' views on the market outlook. Some merchants believe that market conditions are expected to improve in the future. This is mainly due to the considerable volume and price of steel plants in October and the impact of the "Golden September Silver October" season; some merchants believe that the market outlook may continue to maintain weak operations. The continued spread of overseas epidemic and geopolitical instability in various countries are the main reasons that make it difficult for all walks of life around the world to maintain a good cycle. In addition, the low price of steel bids is also a factor of increasing pessimism among traders.

Prices of molybdenum products on November 2, 2020

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Picture of molybdenum ore 

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