Molybdenum Oxide Price - Jun. 24, 2020

The ferromolybdenum, molybdenum powder and molybdenum oxide prices in the Chinese market continue to decline as market participants are reluctant to trade in the weak market. 

Transport restrictions in China affecting raw material supply amid the coronavirus outbreak have led to a more active molybdenum spot market in China and as a result have lifted prices in South Korea and Europe. Low inventories in China have forced buyers there to import more material and subsequently drive the alloy and oxide prices to their highest levels since October 2019, according to historical data. But now, with the continued control in the coronavirus, the supply increases but the demand does not see a increase. 

Prices of molybdenum products on Jun. 24, 2020

Picture of molybdenum copper block 

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