Ammonium Molybdate Prices - Mar. 10, 2020

The latest of ammonium molybdate, ammonium heptamolvbdate and molybdenum oxide prices in the Chinese market dropped slightly on low inquiry and purchasing from downstream. Upstream suppliers' confidence was weakened and product profits were squeezed. 

Trading activity in the molybdenum concentrate market has increased. Recently, with the continuous increased operating rate of downstream companies, the demand for raw molybdenum concentrate has increased slightly, which has boosted the confidence of most molybdenum mining companies to offer firm prices. The market outlook is expected to improve. 

In the ferro molybdenum market, the overall pressure is obvious. Although steel companies have entered the bidding process, stabilizing the sentiment of ferro molybdenum manufacturers, the low prices of steel products and tight liquidity of many businesses have led to weak prices of ferromolybdenum products; In the market of molybdenum chemical and its products, under the situation of weak upward trend, traders generally maintain just-in-time purchases with strong wait-and-see mood. 

Prices of molybdenum products on Mar. 10, 2020

Picture of molybdenum rod 

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