China Ammonium Molybdate Prices - Dec. 24, 2019

Molybdenum market quotation in China: the latest prices of ferromolybdenum, ammonium molybdate and ammonium heptamolvbdate declined slightly compared with last trading day on deadlocked supply and demand and thin market trading.  

In the molybdenum concentrate market, the trading atmosphere on the market is weak. Against the background of slightly weaker demand from ferro-molybdenum merchants and tight supply of molybdenum concentrates, mining companies are generally active in shipping and the prices of raw materials are temporarily stable. 

In the ferromolybdenum market, the bulk cargo market is sparse, and downstream steel companies mostly consume inventory. Buyers require for lower prices, resulting in weak confidence of manufacturers. Market prices show signs of decline. The molybdenum chemical and product market also is quiet affected by the low trading activity of terminal customers. Most sellers make offers rationally.

Prices of molybdenum products on Dec. 24, 2019

Picture of molybdenum powder

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