China Molybdenum Prices - May 5, 2019

China molybdenum prices remained stable in the first trading day after the holiday of May Day while market participants mainly focus on new offers from large mines, and prices and quantity of steel biddings. 

Under the holiday atmosphere and quiet fundamental side, most traders are cautious and trading activity is not high. The sharp increase of quantity in steel biddings in April caused concerns for the tender this month, but most insiders are optimistic about the supply under stricter environmental protection.

Prices of molybdenum products on May 5, 2019

Picture of molybdenum powder

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