Molybdenum Power Prices – August 30, 2019

Molybdenum market quotationin China: the latest prices of molybdenum power, ferro molybdenum and molybdenum concentrate prices show signs of rise in the week ended on Friday August 30, 2019 with the impact of strong rised mentality of traders on high raw material prices and increased quantity of steel tenders. 

Themolybdenum concentrate market price has remained at a relatively high level due to the long-term low inventory of molybdenum concentrates and low sales of raw materials. Manufacturers mainly take watchful stance. For ferro molybdenum market, steel mills slowly go into the market at the end of this month. The bidding prices are still acceptable, and under the situation that it is not easy to get the goods, the psychological stability of some intermediate smelters is slightly improved, and the quotation is relatively stable. 

Prices of molybdenum products on Aug. 30, 2019

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