China Molybdenum Bar Prices - Nov. 19, 2019

Molybdenum market quotation in China: the latest prices of ammonium molybdat, ammonium heptamolvbdate and molybdenum bar declined slightly although the market released good signs for traders. 

In the tungsten concentrate market, the fundamentals are more optimistic. Under the gradual warming sentiment of downstream, market confidence has been boosted. In addition, due to the impact of environmental protection, some mining companies have rationally returned.

In the ferromolybdenum market, the overall pressure is still the same. Under the background that raw material prices are relatively high and downstream demand is far less than expected, the products are quoted differently. Some ferromolybdenum manufacturers choose to suspend the quotation; molybdenum chemical and its products market remains weak and stable, and the operation of terminal users is mainly cautious. As a result, product prices can not be adjusted reasonably in time, and transactions are concluded at a relatively low level.  

Prices of molybdenum products on Nov. 19, 2019

Picture of molybdenum bar 

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