China Molybdenum Powder Price - September 29, 2020

Molybdenum market quotation in China: the molybdenum oxide, ferro molybdenum and molybdenum powder prices remain weak on Tuesday September 29, 2020 as market participant take a watchful stance with the approaching of Mid-autumn Festival and National Day holiday. 

In the molybdenum concentrate market, there is no obvious change on the whole. Under the background that the demand of downstream users is difficult to expand, in order to alleviate the imbalance between supply and demand, many molybdenum mining enterprises have taken the initiative to reduce the production. Recently, the transaction price of molybdenum concentrate is basically below 1400 yuan / ton. 

In the ferromolybdenum market, the market pressure is not decreaed. In addition to the delay of steel mill bidding time, there is a big gap between the psychological price of consumers and the actual price, which is the reason for the lack of power for intermediate smelters to raise prices. At present, traders focus on the new round of steel bidding.

The molybdenum chemical and its products market is still weak, which is mainly reflected in the tired demand of end customers and the limited support of the upstream market. China's cumulative export of ammonium molybdate totaled 1047 tons from January to August 2020, an increase of 9.06% year-on-year; China's cumulative export of molybdenum bars and other deep-processing products 254 tons, a year-on-year decrease of 25.05%, according to customs data.

Prices of molybdenum products on September 29, 2020

Picture of molybdenum tube 

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