China Molybdenum Price - Oct. 19, 2018

Details: Category: Tungsten's News; Published on Friday, 19 October 2018 15:43; Written by Shuxia; Hits: 630

China molybdenum price showed a firm and stable trend in the week to Friday October 19. The tight spot supply in the market and the increase in ferro molybdenum price in the steel biddings led to a rise in sentiment, especially the price of ferro molybdenum stood at 140,000 yuan per ton.

However, with the accumulation of high-risk risks in the market and steel recruitment for the time being, the industry's mentality has gradually returned to rational and cautious. Under the support of the environmental protection situation and strong cost, the raw material market is still stable, but the demand-side procurement atmosphere is more wait-and-see. Recently, the molybdenum price high-level consolidation operation, looking forward to the performance of downstream steel recruits.

Prices of molybdenum products on Oct. 19, 2018

China molybdenum price picture