China Sodium Molybdate Prices - Jan. 14, 2020

Molybdenum market quotation in China: ferro molybdenum, molybdenum concentrate and sodium molybdate prices are unchanged from the previous trading day with the impact of strong holiday atmosphere. 

First, most logistics in domestic have begun to stop transportation, steel tenders of factories have been significantly reduced, which has raised traders' wait-and-see sentiment; second, the environmental protection inspection reduce raw material supply. Sellers have little pressure of sales as inventories are kept at a low level.; third, the policy side is quiet, and the demand side also is weak. 

Prices of molybdenum products on Jan. 14, 2020

Picture of sodium molybdate

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