China Molybdenum Prices - December 13, 2019

China molybdenum prices showed stable trend in the week ended on Friday December 13, 2019 as a result of low trading activity. 

In the molybdenum concentrate market, the fundamentals are more optimistic. Due to the lack of raw material inventory, manufacturers have no obvious sales pressure for the time being. In addition, near the end of the year, the sentiment of downstream to stock up has increased slightly, which has also boosted market confidence. Product offers keep firm. 

In the ferromolybdenum market, although steel plant tenders have been launched one after another, the tender prices are relatively low. But high costs and strong rised mentality of smelting manufacturers has resulted in the temporary stabilization of ferromolybdenum prices; molybdenum chemicals and their products market stabilize under the situation of relatively high prices of upstream raw materials and weak terminal demand. participants are generally positive in the market and are reluctant to decline prices.

Prices of molybdenum products on December 13, 2019

Picture of sodium molybdate

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