China’s Ferro Molybdenum Price Maintained Stability in April

Details: Category: Tungsten's News; Published on Wednesday, 02 May 2018 17:37

Molybdenum concentrate market in China has performed well recently. 40-45% molybdenum ore is concluded 60 tons at RMB 1,610/t; 45-50% molybdenum concentrate is concluded with price of RMB 1,635/t and quantity of 200 tons. Steel mills’ purchasing in large number stimulates ferromolybdenum manufacturers to enquiry. Under the background, molybdenum mines and traders raised their strong rised mentality.

Market participants’ large demand for molybdenum concentrate guarantees the high price of the market. While the price of steel biddings fails to reach RMB 110,000/t, resulting ferromolybdenum manufacturers’ cautious attitude towards purchasing on high-price molybdenum concentrate. In April, steel mills purchased large amount of ferro molybdenum, so ferro molybdenum manufacturers will mainly focus on production and thus the quotation would remain stable.

Prices of molybdenum products on May 2, 2018

China molybdenum price picture