China Molybdenum Powder Prices - Jan. 2, 2020

Molybdenum market quotation in China: the latest of ferro molybdenum, molybdenum concentrate and molybdenum powder prices maintain stability in the first trading day in the year of 2020 on relatively good trading atmosphere. 

Under the slightly tighter supply of raw material molybdenum concentrates, market confidence has gained some support, and most upstream and downstream companies have firmed their quotation and expected the market in the future. However, with the approaching of Chinese Spring Festival, the downstream steel companies' wait-and-see mood has gradually become stronger, and the psychological pressure of price reduction is still heavier, which has caused some traders to shake their confidence in the market and bearish the outlook. In general, there is a high probability that the market price will maintain a stable operation in the short term.

Prices of molybdenum products on Jan. 2, 2020

Picture of molybdenum powder

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