China Molybdenum Bar Price - August 6, 2020

The molybdenum concentrate and molybdenum oxide prices in China climb slightly while molybdenum bar price is unchanged from the previous trading day on August 6, 2020. 

In the molybdenum concentrate market, the fundamentals have gradually strengthened and downstream users’ initiative in taking goods has improved, which is the main driving force supporting the slight upward adjustment of molybdenum mining companies’ quotations; in the ferro-molybdenum market, the concentration of steel companies entering the market for bidding and the strong psychological reluctance of upstream traders to sell and price is the main reason for the renewed market confidence. In the short term, the price of ferromolybdenum products has a high probability of rebound; the overall trend in the molybdenum chemical industry and its products market is relatively stable. Given the limited upstream support capacity and the end customers mostly relying on on-demand procurement, the prices of most molybdenum chemical products are difficult to rise or fall.

Prices of molybdenum products on August 6, 2020

Picture of molybdenum bar 

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