China Ferro Molybdenum Price - June 30, 2020

Molybdenum market quotation in China: the ferro molybdenum price continues to decline while molybdenum oxide and powder prices remain stable under mixed factors. Now the market is in the sellers' side and thus transactions fail to meet market expectation. 

Prices in the molybdenum concentrate market tend to drop owing to weak international molybdenum market and reduced exports. But for the ferro molybdenum market, trading activity improves because steel tenders got purchasing plans at the end of the month, plus with declined offers of ferro molybdenum, more companies enter the market to purchase with fewer buyers holding cautious sentiment. Under poor performance in the raw material markets, the molybdenum chemical and product market is weak and most companies quote rationally.

Prices of molybdenum products on June 30, 2020

Picture of molybdenum block 

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