China’s Molybdenum Price - Apr. 24, 2018

China’s molybdenum price shows stabilization on good mentality of businesses. On the one hand, the release of production capacity in mines is limited, plus the recovery of steel biddings accelerates consumption in sellers’ stocks, spot goods in the market are tight; on the other hand, the rise in international molybdenum price boosts Chinese market confidence, so traders are more reluctant to sell. Insiders now are waiting for the next move of the market, with deadlocked transactions.

As of last Friday, international molybdenum oxide price was $12.1-12.3/pound, up $0.35-0.4/pound compared with last week; European ferro molybdenum price was 29.5-29.9/kg, up $1.05-0.15/kg.

Prices of molybdenum products on Apr. 24, 2018

Picture of molybdenum powder

Follow our WeChat to know the latest molybdenum price, information and market analysis.

• < Prev
• Next >