Chinese Molybdenum Prices - Jul. 24, 2018

Chinese molybdenum prices are stable with good momentum as sellers in raw materials have strong rised mentality and new round of steel biddings perform well. 

For molybdenum concentrate market, the supply is tight and trading activity increases, which boosts market prices. But trading volumes need to be followed up. Ferro molybdenum price has been rising recently on good expectation for steel bidding at the end of this month. In addition, manufacturers have more confidence with firm support from production costs and consumption of factories stocks. Affected by good trading atmosphere and stable international molybdenum prices, enterprises in molybdenum chemical and product market maintain current offer levels, waiting for new movements of terminal market. 

Prices of molybdenum products on Jul. 24, 2018

Picture of molybdenum powder

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