Chinese Molybdenum Prices - March 13, 2020

Details: Category: Tungsten's News; Published on Friday, 13 March 2020 18:06

Chinese molybdenum prices maintained stability on the whole in the week ended on Friday March 13, 2020 due to the coronavirus affecting trading activity. Though China’s coronavirus situation has improved a lot, downstream manufacturing is yet to recover. Manufacturers hold a very cautious view on economic development after the virus and demand for upstream products.

The future trend in the molybdenum market depends on how long the global coronavirus situation lasts and whether China’s new infrastructure projects can boost economic growth. Market sources are deeply concerned about the rapid spread of coronavirus, worrying that any isolation measures will disrupt local companies’ production and affect their need to import material from China.

Prices of molybdenum products on March 13, 2020

Chinese molybdenum prices image