Molybdenum Oxide Price - Dec. 12, 2017

Molybdenum market quotation: the latest price of ammonium tetramolybdate, ferro molybdenum and molybdenum oxide rises slightly. Opening this week, Chinese molybdenum market continues to maintain stability, but market activity is promoted, and insiders have good mentality. 

Environmental protection inspection reducing production reduces operating rate of mines, then molybdenum concentrate supply is tight. Ferro molybdenum manufacturers raise product quotations, mainly concentrating on RMB 1400/t, which is close to market transaction price. A steel mill from Inner Mongolia entered the market to purchase 120 tons of ferro molybdenum yesterday, and bid opening date is expected on Dec, 19.

In the molybdenum chemical and product market, enquiry for ammonium tetramolybdate increases and market transaction prices are also raised. Though the terminal demand has not yet improved, market activity is being promoted. At present, molybdenum market has good momentum and product prices tend to rise.

Prices of molybdenum products on Dec. 12, 2017

molybdenum products price picture

Picture of molybdenum wire

molybdenum wire picture

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