Ferro Molybdenum Price - July 17, 2020

Details: Category: Tungsten's News; Published on Friday, 17 July 2020 17:19

Molybdenum market quotation in China: the prices of ferro molybdenum, molybdenum concentrate and molybdenum powder are unchanged from the previous trading day in the week ended on Friday July 17, 2020. With the approaching the weekend, market trading becomes active and transactions also increase.

Market confidence in the molybdenum concentrate market is boosted with the support of stable import prices and increased inquiry from downstream. Now most traders keep firm offers. Prices in the ferro molybdenum market are in a relatively low level, which has stimulated many steel companies' desire to enter the market. In addition, molybdenum concentrate price shows signs of bottoming out, so steel mills are willing to purchase. The molybdenum chemical and its products market is stable despite terminal customers remain low demand. Suppliers now have rised mentality with the influence of active upstream.

Prices of molybdenum products on July 17, 2020

ferro molybdenum price image