China Ferro Molybdenum Prices - Mar. 4, 2020

The overall situation of Chinese molybdenum market has not shown significant fluctuations for the time being. Due to the successive launch of tenders by steel mills, the mentality of buyers and sellers has improved slightly. Most molybdenum chemical product prices have stabilized, but the actual transaction volume is still scarce.

In the molybdenum concentrate market, downstream users are not active in consuming raw materials, which has led to the instability of many molybdenum mining companies and relatively quotation confusion. There are still a few merchants who have suspended their quotations. The market outlook is subject to the guidance from listed companies; In the ferro molybdenum market, the market activity has increased slightly. At the beginning of the month, many steel companies have increased their enthusiasm for inquiries and purchases due to the impact of inventory bottoming. Product prices continued to fall; The market of molybdenum chemical and its products is stable. Against the background of insufficient consumption of upstream and downstream markets, traders maintain rigid transactions and are not eager to ship or take goods. Market transactions are concentrated on low-prices resources.

Prices of molybdenum products on Mar. 4, 2020

Picture of ferro molybdenum

Follow our WeChat to know the latest molybdenum price, information and market analysis.

• < Prev
• Next >