China Molybdenum Price - December 24, 2020
- Details
- Category: Molybdenum's News
- Published on 24 December 2020
- Written by Shuxia
- Hits: 111
China molybdenum price is in the upward trend in the second half of December under tight supply of raw materials and consumer restocking. Now most insiders have good expect for the outlook.
In the molybdenum concentrate market, the overall trading enthusiasm is not high. Although downstream ferro-molybdenum merchants are more active in entering the market than last week, due to environmental pressure and cold weather, many miners keep low inventories. Therefore, there is a strong psychology of holding goods waiting to rise, and low prices are hard to find in the current market.
The ferromolybdenum market has improved slightly. In addition to the strong price of raw materials, which is conducive to the warming of the market, the volume and price of tenders for downstream steel companies have also risen, which is the main reason for the improvement of the mentality of intermediate smelting enterprises. The number of monthly steel recruits isabout 8,000 tons.
In the molybdenum chemical and its products market, on-site transactions have yet to be launched. As the global epidemic continues to spread, end-customer demand is still the main factor hindering the sharp increase in the price of molybdenum chemical products. However, due to the strong bullish sentiment in the raw material market, cargo merchants are less willing to make concessions.
Prices of molybdenum products on December 24, 2020
Picture of molybdenum pin
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