Sodium Molybdate Price - Nov. 05, 2018

Opening this week, prices of sodium molybdate, ferro molybdenum and molybdenum bar is unchanged from last week with the cooler steel biddings and cautious mentality of downstream factories. Most traders seem willing to consider profit-taking at the beginning of November, but affected by the environmental protection, the supply of spot goods remains tight and purchases are difficult in forcing prices down. 

Last week, ZPSS issued a new buy tender for 120 tons of ferromoly at RMB 137,500 per ton, down RMB 500 per ton compared with last month. 

Prices of molybdenum products on Nov. 05, 2018

Picture of sodium molybdate

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