Ferro Molybdenum Prices - May 11, 2020

The ammonium molybdate, ammonium heptamolvbdate and ferro molybdenum prices are in the upward trend in the week began on Monday May 11, 2020 due to increased trading activity of both buyers and sellers. 

On the one hand, tight supply and molybdenum concentrate and good trading atmosphere in the international market boost the confidence of mining companies who keep firm offers. It is difficult to source low-price products in the market; on the other hand, ferro molybdenum manufactures have increased orders in wake of concentrated tenders of steel mills. Moreover, low-price raw materials are hardly purchased. The offers for ferro molybdenum products are difficult to decline. In the short term, the molybdenummarket will stabilize.  

Prices of molybdenum products on May 11, 2020

Picture of ferro molybdenum

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

• < Prev
• Next >