Ferro Molybdenum Prices - Feb. 28, 2019

Molybdenum prices in the Chinese market remain stable on the whole due to heavy wait-and-see atmosphere and low activity of steel tenders at the end of the month. Trading activity in the molybdenum concentrate market lowers slightly but dealers still expect tight supply after the rise in prices. 

For ferro molybdenum market, it will start a new round of steel tenders, so prices tend to stabilize. Some steel mills show signs of admission delay for the wait-and-see psychology. Under the both weakness in supply and demand sides, enterprises have confidence in the cost side, but actual transactions need to be improved. 

Prices of molybdenum products on Feb. 28, 2019

Picture of molybdenum powder

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