Ferro Molybdenum Price - May 20, 2019

Details: Category: Tungsten's News; Published on Monday, 20 May 2019 18:26

The molybdenum concentrate, ferro molybdenum and molybdenum powder prices in China remained stable in the week began on Monday May 20. Steel mills are cautious to tenders and have different sentiments with ferro molybdenum manufacturers under the support of the raw material market. Traders are worrying about the foreign trading environment and the confidence in international molybdenum market also is weakening.

However, as the supply of molybdenum concentrate remains tight and production cost keeps firm, most smelting factories are reluctant to sell at low prices. In the short term, Chinese environmental protection would still benefit the market. The steel biddings are the focus of the market.

Prices of molybdenum products on May 20, 2019

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