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China Molybdenum Prices – July 30, 2019

Posted by: Chris Na 2021-10-28 Comments Off on China Molybdenum Prices – July 30, 2019

China Molybdenum Prices – July 30, 2019

Category: tungsten’s News
Published on Wednesday, 31 July 2019 19:55

The China molybdenum prices showed an overall rise in the market on good performance of transactions. In the molybdenum concentrate market, with the increase of government supervision and the increase of overhaul of mainstream mining enterprises, the production capacity has been released slowly. Many holders said that they have sold out of stock, and prices have continued to increase slightly. 

In the ferromolybdenum market, the price is still relatively high, the downstream traders are cautious in purchasing, the wait-and-see willingness is strong, and the high-level transaction is difficult to effectively increase. The molybdenum chemical and product market is supported by high raw material cost. The actual transaction price of most products has increased compared with the previous one, but the transaction volume needs to be followed up.

Prices of molybdenum products on July 30, 2019

Picture of molybdenum powder

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