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Molybdenum Oxide Prices – August 19, 2019

Posted by: Chris Na 2021-12-17 Comments Off on Molybdenum Oxide Prices – August 19, 2019

Molybdenum Oxide Prices – August 19, 2019

Category: tungsten’s News
Published on Tuesday, 20 August 2019 09:05

The molybdenum concentrate and molybdenum oxide prices in China rose slightly while ferro molybdneum price kept stable early this week on tightening availability of raw materials and cautious sentiment of traders. 

In the molybdenum concentrate market, the atmosphere of the enquiry was acceptable. Under the hot rainy season and environmental protection, the supply of molybdenum concentrate was still relatively tight and the transaction price was high. The overall trading atmosphere in the ferromolybdenum market was low as the demand of downstream enterprises was weak. 

In order to reduce the risk of cost-returning, most middle smelters are quoting at a relatively high level. However, due to the pressure of capital, a small number of small and medium-sized enterprises have a strong willingness to cut prices. In the market of its products, the overall price of the products did not fluctuate significantly. Due to the influence of macro factors, the pessimism of the end users was not completely lifted, the price resistance was heavier, and the demand was relatively weak, but the manufacturers were not willing to promote more sales by cutting profits.

Prices of molybdenum products on August 19, 2019

Picture of molybdenum oxide

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