Ferro Molybdenum Price - Dec. 13, 2017

Molybdenum market is stable with good momentum. The latest price of molybdenum concentrate and molybdenum powder rises slightly, and ferro molybdenum and molybdenum bar prices are unchanged from the previous trading day.

Productions of raw material are reduced in winter due to the cold weather increasing mining costs, which exacerbates the situation of the market in short supply. Quotation for molybdenum concentrate keeps firm. Though downstream enquiry becomes active, most mainstream mines are reluctant to sell. Low-price raw materials are rare in the market now. 

Ferro molybdenum market is temporarily stable, paying attention to steel biddings. As there have no latest news coming from the tender, ferro molybdenum price is rising slightly and enterprises delay market quotation. Factory basic without inventory pressure, but high production costs make quotations range from RMB 97,000/t to RMB 98,000/t.

Prices in molybdenum chemical and molybdenum products market are stable, mainly supported by high price of raw material. There have basically no stocks in the market, so low-price ammonium tetramolybdate is unavailable. For molybdenum powder enterprises, downstream enquiry increases and quotation is stable, but less transactions when at high price.

Taken together, with the continuous shortage of raw material, insiders are optimistic about the afternoon market. The short-term molybdenum prices would into easy to fall hard up stage.

Prices of molybdenum products on Dec. 13, 2017

molybdenum products price picture

Picture of ferro molybdenum

ferro molybdenum picture

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