Sodium Molybdate Price - July 22, 2020

Molybdenum market quotation in China: sodium molybdate, ammonium heptamolvbdate and ferro molybdenum prices are unchanged from the previous trading day owing to lukewarm demand from the whole industry and heavy wait-and-see atmosphere in the market. 

The ferro molybdenum market is under pressure. Although some steel companies are willing to enter the market to purchase ferro molybdenum, the low bidding price has increased the pessimism of the holders and the quotation is difficult to increase. However, due to the support from the cost side, it is not likely for price decline. The molybdenum chemical and its products market maintain weak adjustment on the whole. End customers generally maintain a just-need purchases and reasonable control of positions, while upstream merchants have a high willingness to sell to avoid risks of price inversion.

Prices of molybdenum products on July 22, 2020

sodium molybdate price image

Picture of molybdenum crucible 

molybdenum crucible image

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