Molybdenum Powder Price - Mar. 28, 2019

China molybdenum prices tend to be weak owing to the declined value-added tax (VAT) in April. But most participants expressed that market prices are basically based on the relationship between the supply and demand, especially for ferro molybdenum market. 

A steel mill in Gansu plans to tender 120 tons of ferro molybdenum at RMB 119,500/t in April; a steel mill in Shanghai to tender 600 tons of ferro molybdenum at RMB 115,900-116,100/t, according to the news. The price is calculated with the 13% VAT.

Prices of molybdenum products on Mar. 28, 2019

Picture of molybdenum powder

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