China Molybdenum Powder Price - Mar. 23, 2020

Molybdenum market quotation in China: the prices of molybdenum concentrate, molybdenum oxide edge lower while molybdenum powder price remain unchanged from last week owing to persistent weakness in the demand side, capital shortage and persistent mentality of market participants. 

On the one hand, due to the impact of coronavirus, the terminal side remains low trading activity and purchasers take a watchful stance; on the other hand, the market faces international geopolitical risks all the time. Traders' confidence in trading is slightly inadequate, and they are afraid to import and exports products, keeping reasonable inventories. Although the buyer's market currently dominates, many sellers have a strong mentality for price, and have certain expectations for the good development of the market.

Prices of molybdenum products on Mar. 23, 2020

Picture of molybdenum powder

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