China’s Ferro Molybdenum Price Maintained Stability in April

Molybdenum concentrate market in China has performed well recently. 40-45% molybdenum ore is concluded 60 tons at RMB 1,610/t; 45-50% molybdenum concentrate is concluded with price of RMB 1,635/t and quantity of 200 tons. Steel mills’ purchasing in large number stimulates ferromolybdenum manufacturers to enquiry. Under the background, molybdenum mines and traders raised their strong rised mentality.

Market participants’large demand for molybdenum concentrate guarantees the high price of the market. While the price of steel biddings fails to reach RMB 110,000/t, resulting ferromolybdenum manufacturers’cautious attitude towards purchasing on high-price molybdenum concentrate. In April, steel mills purchased large amount of ferro molybdenum, so ferro molybdenum manufacturers will mainly focus on production and thus the quotation would remain stable.

Prices of molybdenum products on Apr. 28, 2018

Picture of ferro molybdenum

If you have any inquiry of molybdenum products, please feel free to contact us:
Email: sales@chinatungsten.com/sales@xiamentungsten.com
Tel.: +86 592 5129696/+86 592 5129595
Fax: +86 592 5129797

Scan QR code of Chinatungsten Wechat platform to follow up the daily latest price and market of tungsten, molybdenum and rare earth.