Molybdenum News Center

Ferro Molybdenum Price - December 11, 2020

Molybdenum market quotation in China: ferro molybdenum, molybdenum oxide and molybdenum oxide prices showed signs of rise in the week ended on Friday December 11, 2020 because of increased trading activity and good market confidence. 

In the molybdenum concentrate market, the overall order growth rate has risen slightly. In addition to the improvement in the steel tender market and the expansion of demand from ferro-molybdenum businesses, the weather is getting colder, and the difficulty for molybdenum mining companies to mining ores has increased. As a result, the production capacity has been reduced. The reason why the price of molybdenum concentrate rose slightly.

The ferromolybdenum market is basically stable and the price has not fluctuated significantly. However, with the approaching of Christmas, New Year's Day, and Spring Festival, the willingness of downstream steel companies to enter the market has increased, and the negative sentiment of intermediate smelters has also decreased. The probability of a downward price adjustment is unlikely.

In the molybdenum chemical and its products market, the overall buying and selling atmosphere is general, and product prices are mainly affected by the relationship between supply and demand. Although the upstream market is strong, the consumption power of end users is limited, which is still the reason why the market price is difficult to increase.

Prices of molybdenum products on December 11, 2020

Picture of molybdenum bar 

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