China Ferro Molybdenum Price - December 17, 2020
- Details
- Category: Molybdenum's News
- Published on 18 December 2020
- Written by Shuxia
- Hits: 102
Molybdenum market quotation in China: ammonium molybdate, ammonium heptamolvbdate and molybdenum concentrate prices continues to rise on December 17, 2020 with the support of tight supply and relatively active trading activity.
In the molybdenum concentrate market, the fundamentals of supply and demand are getting stronger. In addition to the rapid increase in overseas molybdenum prices, the price of molybdenum concentrates has also risen. The recent climate change reduces the mining speed of miners, resulting in a decline in the growth rate of raw material inventories. Therefore, molybdenum companies raised their offers.
In the ferromolybdenum market, the overall pressure is still obvious. Although the raw material prices are firm, the intermediate smelting companies are facing pressure of price inversion due to the delays in the bidding time of most steel companies. The current ferro molybdenum price is about 101,000 yuan/ton.
In the molybdenum chemical and its products market, the on-site activity is expected to further increase. The upstream market is operating steadily and the enthusiasm of downstream users to stock up has increased. These are the reasons for the decline of suppliers’ negative sentiment.
Prices of molybdenum products on December 17, 2020
Picture of molybdenum powder
Follow our WeChat to know the latest molybdenum price, information and market analysis.
| Molybdenum Supplier: Chinatungsten Online www.molybdenum.com.cn | Tel.: 86 592 5129696; Fax: 86 592 5129797;Email: This email address is being protected from spambots. You need JavaScript enabled to view it. |
| Tungsten News & Prices, 3G Version: http://3g.chinatungsten.com | Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn |
sales@chinatungsten.com