Ferro Molybdenum Prices - May 10, 2019

Molybdenum prices in China showed good momentum in the week ended on Friday May 10 because increased new offers from large mines boosted market confidence. The molybdenum concentrate market kept firm offers as sellers were reluctant to sell on tightening availability of raw materials. 

In the ferro molybdenum market, the US announced to raise tariffs to Chinese products, which brought trade pressure on downstream stainless steel and alloy markets. However, under the support of the cost side, smelting factories remained strong confidence and ferro molybdenum prices edged higher, following raw materials markets. Molybdenum chemical and product market mainly maintained stability with increased market inquiry. While limited by relatively weak demand side, actual transactions were hardly concluded.

Prices of molybdenum products on May 10, 2019

Picture of ferro molybdenum

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