China Ferro Molybdenum Prices - April 8, 2020

The sodium molybdate, ammonium heptamolvbdate and ferro molybdenum prices in China are unchanged from the previous trading day the market tends to keep stable after the previous price decline. In the molybdenum concentrate market, due to the limited stock of raw materials and active trading of downstream, molybdenum companies have good confidence, and the transaction volume is expected to be increased. 

In the ferro-molybdenum market, the overall pressure is obvious. Although some steel companies still tendered for ferro molybdenum in early April, there was a large gap between the psychological price and the market price, resulting in limited orders. Under the influence of mixed factors, the market outlook is still unclear, end customers dare not take the goods hastily, operate cautiously, and have fewer new orders.

Prices of molybdenum products on April 8, 2020

Picture of ferro molybdenum

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