Ferro Molybdenum Price - April 23, 2019

China molybdenum prices are in a stalemate on Tuesday April 23 on limited trading volumes and weak market confidence. In the molybdenum concentrate market, with the support of tight supply, spot goods are limited and transactions are concluded at psychological prices of sellers. 

Steel biddings perform poorly, so ferro molybdenum manufacturers have not clear views on the outlook. Under the deadlocked supply and demand, ferro molybdenum price maintains stability. The cost side supports the stabilization of product prices in the molybdenum chemical and product market. But downstream factories have not active in trading, plus with declined international prices, market sentiment keeps steadily.

Prices of molybdenum products on April 23, 2019

Picture of molybdenum powder

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