Ferro Molybdenum Price - October 13, 2020

Molybdenum market price in China: ferro molybdenum, molybdenum concentrate and molybdenum oxide prices edge higher in the middle of October thanks to good trading atmosphere in the market. 

The fundamentals of supply and demand have not changed significantly in the molybdenum concentrate market. Although overseas molybdenum raw materials continue to flow into the country, molybdenum companies basically keep stable mentality and firm quotations under the background of relatively sufficient support capacity in the downstream market and continuous rise in international molybdenum prices. 

For the ferro molybdenum market, in addition to the fact that steel companies' centralized bidding has played a major role, the international market and upstream markets have performed well, which is also the reason for the high confidence of intermediate smelters.

In the molybdenum chemical and its products market, product prices are mainly affected by the relationship between supply and demand. Under the background of stable and rising molybdenum raw materials market, holders are more willing to keep strong prices.

In the terms of news: China’s Yichun Luming Mining announced a new round of molybdenum concentrate quotations. The 50-55% grade molybdenum concentrate is quoted at 1,400 yuan in cash and 1,430 yuan in acceptance.

Prices of molybdenum products on October 13, 2020

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Picture of ferro molybdenum

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