Molybdenum Bar Price - July 10, 2020

Details: Category: Tungsten's News; Published on Friday, 10 July 2020 15:24

Molybdenum market quotation in China: ferromolybdenum and ammonium heptamolvbdate prices declined slightly while molybdenum bar price maintained stability in the week ended on Friday July 10, 2020 as production cost was hard to support firm offers of suppliers.

The imbalanced supply and demand clouded molybdenum concentrate market under weak buying appetite from overseas buyers. The import did not reduce, resulting in an abundant supply in domestic market. Sellers became negative. For the ferro molybdenum market, the slow progress of steel tenders and weak upstream market were the main reason for the risk of price inversion. The market for molybdenum chemical and its products was still in a stalemate. Traders basically operated cautiously. Some industry insiders expect that the demand side will not be boosted in the short term.

Prices of molybdenum products on July 10, 2020

molybdenum bar price image