Molybdenum Concentrate Price - September 25, 2020

The ferro molybdenum, molybdenum concentrate and molybdenum oxide prices in China were in the downward trend in the week ended on Friday September 25, 2020 as enterprises made shipment actively to ease the pressure of capital shortage.

The molybdenum concentrate market is weak but stable. Although the import volume is expected to decrease, it is still difficult to offset the lack of confidence in the market due to the difficulty of increasing downstream demand. Some holders sell at lower prices, but there are still manufacturers keeping firm offers and reducing production to solve the problem of imbalance between supply and demand.

In the ferro molybdenum market, the fundamentals of supply and demand are weak, and the price of steel bids is falling, which is the main obstacle to the difficulty of raising the quotations of intermediate smelting companies. The current bidding price is basically between 93,000-94,000 yuan/ton. In the short term, the industry will focus on the bidding volume of steel plants. 

In the molybdenum chemical industry and its products market, the transaction is still sluggish. In the Golden September, the demand is weak, which is the main reason for the increase in supplier pessimism. The current market is still showing an oversupply situation. The price of molybdenum oxide is about 1,490 yuan/ton.

Prices of molybdenum products on September 25, 2020

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Picture of molybdenum screw 

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