China Molybdenum Oxide Price - September 21, 2020

Molybdenum concentrate and molybdenum oxide prices in China decline slightly in late September as the whole market is in a stalemate. Suppliers are hard to raise offers while downstream buyers try to force prices down. The trading seems poor. 

From the perspective of demand, as the Mid-Autumn Festival and the National Day are getting closer, the sentiment of downstream steel companies entering the market for bidding has risen slightly, bringing greater confidence to the market. However, due to the low price of steel bids, upstream businesses still face certain challenges. 

From the supply side, with the gradual improvement of the climate environment, the difficulty coefficient of molybdenum mining enterprises will decrease, and the release of production capacity will increase. Moreover, the import volume of molybdenum raw materials remains unchanged in the case of insufficient power in the international molybdenum market, which hinders the upward adjustment of the quotations of holders.

Prices of molybdenum products on September 21, 2020

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Picture of molybdenum block 

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