Molybdenum Oxide Price - Oct. 19, 2017

Molybdenum market quotation: The latest price of molybdenum concentrate, molybdenum oxide, and ferro molybdenum declines slightly due to the weak customer sentiment in the market. 

With the release of new bidding prices in steel mills, some manufacturers continue to lower their purchase enquiry, causing a striking blow to the market. The tight supply in the raw material side is the main factor supporting molybdenum price and it will further tightening under stricter environmental protection policy. Under the pressure of weak demand in downstream market, the mentality for latter market is bearish. Chinatungste Online expects that short-term molybdenum price will continue the current trend.

Price of rare earth products on Oct. 19, 2017

Picture of molybdenum powder

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