Chinese Molybdenum Prices - Jan. 22, 2019

Chinese molybdenum prices show signs of rise in the week to Tuesday January 22. Steel mills raised their enthusiasm of replenishments when ferro molybdenum prices were forced down. So market trading increases and sellers are reluctant to sell at low prices. Some of them try to increase their offer levels. 

On the whole, the relationship between supply and demand still faces pressure. With the approaching of Spring Festival, more and more factories would stop production and the supply is expected to remain tight. The demand is the focus of the market. 

Prices of molybdenum products on Jan. 22, 2019

Picture of molybdenum powder

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