Molybdenum Oxide Price - September 10, 2020

molybdenum ring imageThe ferro molybdenum, molybdenum concentrate and molybdenum oxide prices in the Chinese market are in the upward trend thanks to active inquiry and good market confidence. However, some of insiders still worry about the outlook and keep focusing on quantity and price of steel tenders as well as import and export markets. 

In the molybdenum concentrate market, under the current situation where there are not many inventories, downstream users are relatively more motivated to receive goods. This has greatly increased market confidence, and traders have a strong desire to sell and hope to raised product offers. 

The inquiries in the ferromolybdenum market are slightly active, and steel companies enter the market with a strong consumer sentiment. This was the main reason for the increased intention of ferromolybdenum merchants to increase prices. However, due to the tight supply of spot goods, the order growth rate is slow, and even some merchants suspends to make offers. 

In the molybdenum chemical and its products market, the fundamentals are stable. Except for the "Golden September and Silver October" season, terminal demand increases, and the raw material market is strong, which are the reasons for the price increase of some products.

Prices of molybdenum products on September 10, 2020

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Picture of molybdenum ring 

molybdenum ring image

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