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The weakening molybdenum market in China has brought some negative impact on the international market. However, the tight supply also offers some support to market price. At present, the main reason for poor sales is further declining of insiders’ expectations and uncertainty for demand of steel mills, resulting wait-and-see mentality. Whether the demand of steel mills could recover will be the focus of insiders.
Prices of molybdenum products on Mar. 28, 2018
Picture of molybdenum concentrate
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