Chinese Molybdenum Prices - Sep. 29, 2018

In September, Chinese molybdenum prices were stable on the whole. In the early stage, raw material market showed good momentum due to environmental protection and factories’ production disruption to undergo repair. But customers entered the market slowly. So the whole market maintained stability.

Shougang Group was reported to issue buy tender for 70mt of ferromoly in October at RMB 129,800/t, down RMB 7,200/t from September; Hunan Valin Xiangtan Iron & Steel plans to call for biddings for 100mt of ferromoly in next month at RMB 129,000/t, down RMB 8,000/t compared with this month.

Prices of molybdenum products on Sep. 29, 2018

Picture of molybdenum powder

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