Molybdenum Concentrate Price - Jun. 17, 2020
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- Category: Tungsten's News
- Published on Wednesday, 24 June 2020 14:23
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Molybdenum market quotation in China: molybdenum concentrate, sodium molybdate and ammonium heptamolvbdate prices still maintain stability owing to low trading activity of the whole industry and limited transactions. Now the insiders mainly focus on the steel tenders.
The molybdenum concentrate market lacks liquidity. Although downstream's demand for raw materials is limited, mining enterprises have strong rised mentality. The ferro molybdenum market is under pressure as the time for steel tenders are postponed and low-price resources are difficult to purchase. But with the support of active development of new infrastructure projects and high cost of raw materials, ferromolybdenum merchants are not willing to cut profits. In the molybdenum chemical and its products market, terminal customers will not purchase immediately considering the continued spread of coronavirus and geopolitical risks.
Prices of molybdenum products on Jun. 17, 2020
Picture of molybdenum block
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