Trading in the international molybdenum market is thin owing to the weak demand and the price of
ferro molybdenum and molybdenum oxide rises slightly. In China, the whole market is quiet and price maintains weak adjustment.
For molybdenum concentrate, with the coming of Chinese Spring Festival, miners not only reduce the production, but also are reluctant to sell, which support the high price of raw materials. Most miners are mainly producing according to previous orders.
The price and quantity of steel biddings fail to meet the market expectations, and thus ferro molybdenum price shows signs of decline. Steel mills’ plans for stocking up are almost completed, so manufacturers remain low willingness in purchasing, the market trading tends to be quiet.
Supported by high raw material price, molybdenum chemical and manufacturing enterprises raise product quotations and have not any plan to sell. Terminal customers are hard to buy low-price products, so the enquiry becomes less.
Prices of molybdenum products on Feb. 02, 2018
Picture of ferro molybdenum
