Sodium Molybdate Price - May 8, 2018

Molybdenum price in China continues to maintain stability and the market is caught in wait-and-see atmosphere. At present, steel mills start to call for bids for ferro molybdenum, but the price needs further confirmation. And the environmental protection policy also affects the activity of whole chain of the industry. 

In the molybdenum concentrate market, miners keep firm offers due to short supply of spot goods, but considering terminal demand, stocking up is not active. In the short term, the market will be in a stalemate. For ferro molybdenum market, good factors for steel biddings are limited, plus with production costs pressing manufacturers, ferro molybdenum price is not likely to rise sharply. 

Prices of molybdenum products on May 8, 2018

Picture of sodium molybdate

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