China Molybdenum Price– August 29, 2019

Details: Category: Tungsten's News; Published on Monday, 02 September 2019 10:37

The China molybdenum price will continue to maintain a strong trend when the spot trading market is relatively stable, and the low-cost supply in the market is hard to find. In the molybdenum concentrate market, the overall transaction situation is relatively good. Although the mine maintenance work has been over for some time, due to the news of the military parade and the high temperature and flood season, the supply of raw materials will continue to be in shortage, and the manufacturers' quotations remain high.

The volume of bulk ordersin the ferromolybdenum market is relatively rare. Due to the slight increase in cost support and steel demand, the cost inversion has eased, and the prices of intermediate smelters are generally firm. In the market of molybdenum chemicals and productsmarket, the overall market is slightly dull. The downstream procurement demand is poor, and product price is difficult to make effective adjustment according to changes in market conditions. However, traders are not willing to sell at a lower price.

Prices of molybdenum products on Aug. 29, 2019

China molybdenum price image