Ferro Molybdenum Price - August 18, 2020

The ferro molybdenum price climbs slightly while sodium molybdate and ammonium heptamolvbdate prices remain stable under many uncertain factors and deadlocked supply and demand. Now actual transactions are limited. 

In the molybdenum concentrate market, there is a strong wait-and-see sentiment. Affected by the high temperature and strong rainfall, the release of molybdenum raw material production capacity has slowed down significantly, which supports the firm quotations of molybdenum companies. At present, the industry pays more attention to the resumption time of molybdenum mining companies in Shaanxi province; In the ferro molybdenum market, product prices rose slightly. The centralized bidding of steel companies at the beginning of this month has played a strong supportive role in the recovery of market confidence. However, businesses still face a greater risk of price inversion; the molybdenum chemical and its products market shows no temporarily obvious changes. Insufficient upstream market strength and limited release of positive signals are all reasons why it is difficult for suppliers to increase their quotations.

Prices of molybdenum products on August 18, 2020

Picture of molybdenum parts 

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