Molybdenum Powder Price - December 23, 2020
- Details
- Category: Molybdenum's News
- Published on 23 December 2020
- Written by Shuxia
- Hits: 84
Molybdenum market quotation in China: ferro molybdenum, molybdenum oxide and molybdenum powder prices are unchanged from the previous trading day under relatively active steel tenders. However, transactions are still hard to be concluded and prices are hard to rise.
In the molybdenum concentrate market, the overall transaction volume is limited. In addition to the low demand from downstream users, some molybdenum mining companies have a strong awareness of reluctance to sell and have no shipping plans. This is the main reason for the scarcity of new orders.
In the ferromolybdenum market, on-site trading activity has increased. Towards the end of the month, steel companies entered the market for bidding and the bidding price is relatively considerable. This is the main reason for the pessimism of the intermediate smelting companies to gradually decline. The current ferromolybdenum price is firm at round 101,000 yuan/ton.
In the molybdenum chemical and its products market, spurred by the heavier price increase of raw materials, the quotations of many molybdenum chemical products have also risen. The price of ammonium tetramolybdate has advanced to 100,000 yuan/ton, but the end customer demand is still very difficult to follow.
Prices of molybdenum products on December 23, 2020
Picture of molybdenum powder
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