China Ferro Molybdenum Price – June 14, 2019

Molybdenum prices in China showed signs of decline in the week ended on Friday June 14. The lowered transaction prices of raw materials and decreased quantity of steel tenders weakened market confidence to some extent. Traders have different views on the outlook with low trading enthusiasm. 

In the molybdenum concentrate market, poor demand for raw material seemed to drag market prices down. Sale prices in major mine production areas dropped, but low production in smelting factories and high production costs still supported the market. For ferro molybdenum market, the new round of steel biddings failed to meet market expectations. So prices remained weak and trading were not active. Most traders were cautious.

Prices of molybdenum products on June 14, 2019

Picture of molybdenum disulfide

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