China Molybdenum Bar Prices - Apr. 26, 2020

The ferro molybdenum, molybdenum oxide and molybdenum bar prices in China continue to rise when downstream users become active in consuming and raw material manufacturers have strong raised mentality. 

On the supply side, due to the continuous spread of coronavirus in foreign countries, most foreign raw material companies and transport logistics enterprises do not resume work, so the import and export both reduce. In addition, the continuous rainy weather has increased the difficulty in mining, so the supply becomes tight. 

On the demand side, under tight supply of upstream raw materials and little inventory left, buyers have a high enthusiasm for taking goods. So market trading increases compared with early this month.  

Prices of molybdenum products on Apr. 26, 2020

Picture of molybdenum bar

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