Molybdenum Powder Prices - Feb. 26, 2020

The ferro molybdenum and molybdenum powder prices in the Chinese market remain weak adjustment on deadlocked supply and demand resulting in quiet market deals. The raw material markets features tight supply and firm offers when downstream delays their purchases. 

The ferro molybdenum market is under pressure as steel mills seek for lower prices and raw material costs are relatively high. But most sellers still are reluctant to reduce product prices. Considering the weak consumption in the terminal side, the molybdenum chemical and product market maintains stability. As a result, product prices are hard to be raised in the short term.

Prices of molybdenum products on Feb. 26, 2020

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Picture of ferro molybdenum

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