China Ferro Molybdenum Price - September 16, 2020

China molybdenum powder, ammonium molybdate and molybdenum bar prices are unchanged from the previous trading day on September 16, 2020 as the market lacks of liquidity with limited new increased orders. 

In the molybdenum concentrate market, the fundamentals of supply and demand are relatively stable. Although downstream ferro-molybdenum manufacturers basically maintain the just-needed purchase, supported by high mining costs, mainstream mining companies generally keep firm quotations to guard against the risk of upside-down. Some industry players say that the future market output of molybdenum raw materials may increase.

The ferromolybdenum market is quiet. The new round of steel mill bidding activities has not yet started, which is the main reason that makes it difficult for suppliers to raise their quotations. With the continuous increase of molybdenum concentrate production capacity, confidence in the market has declined. The ferro molybdenum price hovers around at RMB 98,000/ton, and the market outlook is expected to improve.

In the molybdenum chemical and its products market, product prices are mainly affected by the relationship between supply and demand. Due to the dual contradiction of limited terminal demand and increased supply of raw materials, it is difficult for holders to update their quotations. The mainstream quotation of molybdenum oxide is about RMB 1,530/ton.

Prices of molybdenum products on September 16, 2020

Picture of molybdenum powder

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