Molybdenum market in China today: The price of molybdenum concentrate, ammonium tetramolybdate and sodium molybdate registers a stable performance. Molybdenum concentrate shortages continue, low-cost raw materials are rare, biddings in steel mills slightly increase and downstream chemical and alloy market is still at a stalemate. Overall, the actual turnover in the molybdenum market is relatively weak. Business mentality shows some optimism on the market owing to good expectations on the demand after entering September, thus molybdenum price may be stable with good momentum in the afternoon market.

Price of molybdenum products on Sep, 5, 2017

Picture of sodium molybdate

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Molybdenum market in China today: the latest price of molybdenum concentrate, ammonium tetramolybdate and molybdenum oxide is unchanged from the previous trading day. Environmental protection still limits the production, supply of molybdenum concentrate remains tight, and the downstream steel market is in line for some consolidation.