Chinese Molybdenum Price Is in a Downward Trend

Analysis of latest molybdenum market from Chinatungsten Online:

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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The Weakness in Chinese Molybdenum Price

Chinese molybdenum price is weak amid the price of molybdenum concentrate and molybdenum oxide declines slightly and ferro molybdenum price remains unchanged. Representative miners in Heilongjiang lowered product offers earlier this week, which enhances traders’ negative mentality. Trading atmosphere is quiet at present.

In the molybdenum concentrate market, some sellers with weak market confidence decline product prices for more shipments, but considering the support from supply side, the adjustment is limited. Although the production cost in the ferro molybdenum market shows signs of decline, steel bidding prices are in a relatively low level. Ferro molybdenum manufacturers are caught in heavy wait-and-see atmosphere.

Prices of molybdenum products on Jun. 13, 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.