Chinese Molybdenum Prices - February 17, 2020

Chinese molybdenum prices are unchanged from last week when market participants have different views on the market outlook. Some people though prices of molybdenum chemical products will rise sharply while others believed market prices will continue to maintain stability.

On the one hand, under the background that the epidemic has not been significantly controlled, the production capacity of molybdenum chemical companies has fallen short of expectations, resulting in a slight tension in the supply of raw materials, which has brought a certain positive effect to market confidence. Many holders have gradually increased their strong rised mentality; on the other hand, affected by the increasing rate of resumption production of molybdenum chemical companies and logistics company, the supply shortage will effectively ease. Now most traders have a stable mentality and offer a reasonable price.

Prices of molybdenum products on February 17, 2020

Picture of molybdenum rod 

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