China Molybdenum Prices - November 8, 2019

China molybdenum prices were in the downward trend in the week ended on Friday November 8, 2019 on thin market trading. The molybdenum concentrate market was weak because prices and quantity of steel tenders failed to meet market expectations. 

Traders' mentality was different. Some enterprises have maintained strong prices due to the continuous efforts of environmental rectification work and the slowdown in the release rate of production. Another part of the company has chosen to offer a small price cut due to poor circulation of funds. In the ferromolybdenum market, although the trading atmosphere in the market was gradually warming up, buyers required for lower prices. Most smelting factories took a watchful stance. In the molybdenum chemical and its products market, there was no significant fluctuation in the market. Terminal users were cautious to take orders while upstream suppliers have strong rised mentality.

Prices of molybdenum products on Nov. 8, 2019

Picture of sodium molybdate

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