Chinese molybdenum price is in a downward trend at present amid the latest price of molybdenum concentrate and sodium molybdate falls slightly and molybdenum powder price is unchanged from the previous trading day. Weak market demand, poor performance of steel biddings and weakening support from raw material side are the main reasons.
Insiders now are negative on the market outlook and manufacturers cutting their product profits for more orders lower transaction prices. Affected by the environmental checks, the operating rate in mines and smelting factories is low. In the short term, deadlocked supply and demand will continue and steel biddings at the end of this month would be the focus of the market.
Prices of molybdenum products on Jun. 22, 2018
Picture of molybdenum disulfide
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