Ferro Molybdenum Price - May 17, 2018

Details: Category: Tungsten's News; Published on Thursday, 17 May 2018 11:08

Production costs and steel biddings work together to press Chinese molybdenum price and difference shows. In the molybdenum concentrate market, the available resources are tight, offering support for traders’ optimistic outlook for afternoon market and then market quotations are raised.

Prices in steel biddings maintain stability, so manufacturers have not enough strength to raise product prices, facing risk of cost overhang. Downstream transactions are hard to follow up in the molybdenum chemical and alloy market while the environmental checks affect operating rate of smelting factories. Traders in the market now mainly wait and see.

Prices of molybdenum products on May 17, 2018

China ferro molybdenum price picture