Molybdenum Powder Prices - June 1, 2020

Sodium molybdate, ammonium heptamolvbdate and molybdenum powder prices in the Chinese market stabilize in the first trading day of June as the market is caught in heavy wait-and-see atmosphere. 

First, most steel companies and end customers have completed the consumption plan at the end of May, so the current enthusiasm for receiving goods is not high, and the transaction volume is small; second, affected by the depreciation of the renminbi, traders mainly take a watchful stand due to poor liquidity in the import market; thirdly, under the influence of factors such as stricter environmental protection policies and rainy weather, there is limited room for market capacity to release, and mainstream molybdenum mining companies still are reluctant to sell at low prices

Prices of molybdenum products on June 1, 2020

Picture of molybdenum powder

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