Chinese molybdenum prices show stable in the middle of this week, except for the decline in molybdenum concentrate. In the molybdenum concentrate market, price rose sharply due to the epidemic situation in the early stage. However, as the number of resumed production companies continued to increase this week, the prices dropped rationally.

With the impact of increased volumes of steel tenders and logistic constrains, ferro molybdenum manufacturers keep firm offers but rarely transactions concluded at high prices. For the molybdenum chemicals and products market, the price rise was driven by the raw K40 cemented carbide rods material markets earlier, and the trend is expected to be affected by downstream demand in the short term.

Prices of molybdenum products on Feb. 19, 2020

Picture of molybdenum powder

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