Molybdenum Oxide Price - August 27, 2020

Molybdenum market quotation in China: the prices of molybdenum oxide, ferro molybdenum and molybdenum bar are unchanged from the previous trading day as buyers and sellers control their inventories rationally. The offers are hard to be raised in the short term. 

Although domestic economy is recovering, it is difficult to regain confidence in the export market due to continued spread of coronavirus in some overseas countries. The total export volume of molybdenum in July was less than 1,000 tons for the first time since March. In addition, the market now is in the traditional offer season, downstream demand is weak and new orders are difficult to increase significantly. In short, the industry's recent focus is on the resumption time of Yichun Luming and the new round of tenders for steel plants.

China imported 10334.58 tons of molybdenum products in July, including 5,310 tons of molybdenum oxide, 4,148 tons of molybdenum concentrate, and 9,459 tons of raw materials, accounting for 91.53% of molybdenum products. China exported 937 tons of molybdenum in July, of which raw material exports accounted for 24.88%, ferromolybdenum exports accounted for 20.49%, molybdenum chemical exports accounted for 34.4%, and molybdenum products accounted for 20.23%, according to customs data.

Prices of molybdenum products on August 27, 2020

Picture of molybdenum crucible 

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