China Ferro Molybdenum Price - September 11, 2020

molybdenum sheet image China ferro molybdenum, molybdenum concentrate and molybdenum powder prices were in the upward trend in the week ended on Friday September 11, 2020 thanks to active trading activity and good sentiment of market participants.

In the molybdenum concentrate market, the supply-demand fundamentals have gradually strengthened, and downstream users’ demand is strong, which is the main driving force for the increase in raw material prices. Now the weather gets colder, and the difficulty for molybdenum mining companies in mining will decrease, resulting in output increase. 

In the ferro molybdenum market, the overall pressure is still obvious. Although steel companies are still entering the market for bidding, the sharp increase in prices of molybdenum concentrate also results in a rise in ferro molybdenum quotation. The willingness steel companies to receive goods decline slightly compared with early September. Most suppliers have taken plenty of orders in hand now. the molybdenum chemical industry and its products market is expected to be strong with the impact of the active market.

Prices of molybdenum products on September 11, 2020

China ferro molybdenum price image

Picture of molybdenum sheet

molybdenum sheet image

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