Sodium Molybdate Price - Oct. 26, 2018

The latest prices of molybdenum concentrate, sodium molybdate and molybdenum powder edge higher in the week to Friday October 26. Chinese environmental checks in major production areas are in a grim situation. In addition, steel mills are expecting a large number of tenders at the end of this month and merchants are worried about the tight supply of raw materials. Molybdenum miners and ferromoly manufacturers are reluctant to sell, raising offer levels. 

For downstream chemical and alloy product market, the cost side drives market prices, and insiders have good expectation for the market outlook. Inquiry becomes active and transaction prices move up.

Prices of molybdenum products on Oct. 26, 2018

Picture of molybdenum dioxide

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