Molybdenum price trend on Jun. 22 is decreasing slowly, including molybdenum concentrate, molybdenum trioxide, ammonium molybdate, ammonium heptamolybdate and sodium molybdate price.

Machine tools plays a very crucial role in manufacturing of metal components through machining. Computerized numerical control (CNC) machines are prominently used for machining of metal components which requires high precision for producing complex shapes of varied dimensions. Currently, there are mainly two types of machine tools prominently used. HSS (high speed steel) and carbide tools; among which carbide tools is most prevalent for machining applications primarily due to exceptional wear resistance, chemical inertness, material strength and other superior characteristics.

Due to steel industry bidding, ferro molybdenum price is under pressure and decreased to RMB70,000~73,000/ton. Mass purchase price has led to the same trend for retail prices.

The report covers the present scenario and the growth prospects of the global carbide cutting tool inserts market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The report also includes a discussion of the key vendors operating in this market.