Molybdenum Concentrate Price - Jan. 24, 2018

Molybdenum market quotation: molybdenum price in China is unchanged from the previous trading day as the supply remains tight and demand in the downstream market is not strong. 

Molybdenum concentrate price hits record high and some regions conclude high-price transactions, due to the strong demand for raw materials; steel mills gradually enter the market to purchase ferro molybdenum, but the quantity has not reached the market expectation, so the market now is in a chaos. As for the molybdenum alloy and finished products market, the increasing molybdenum raw material price sends the market price rise, but the high price makes trading reduce. Some molybdenum chemical enterprises expressed that low-price raw materials are rare and thus enterprises are reluctant to sell.

Prices of molybdenum products on Jan. 24, 2018

Picture of molybdenum concentrate

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