China Molybdenum Concentrate Prices - Mar. 31, 2020
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- Category: Tungsten's News
- Published on Tuesday, 31 March 2020 18:37
The latest of ferro molybdenum, molybdenum oxide and molybdenum concentrate prices in China are unchanged from the previous trading day due to continued spread of coronavirus. However, as the inventory of many downstream companies is about to run out, and the willingness to pick up goods is expected to increase in April, the activity of on-site trading has risen slightly.
In the molybdenum concentrate market, the market has slightly improved. The inventories of ores of large molybdenum company Yichun Luming leaked, resulting in a significant reduction in capacity release. Therefore, sellers are not reluctant to reduce product prices. As steel mills are active in steel tenders, ferro molybdenum manufactures have good confidence and thus price are not likely to drop in the short term.
Prices of molybdenum products on Mar. 31, 2020
Picture of molybdenum concentrate
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