Monthly Molybdenum Market Report Aug 2020

1. Market Highlights

In August, overseas supplies of molybdenum raw materials remained sufficient and these materials flooded into the Chinese market as downstream demand remained weak in overseas markets. Due to the active downstream demand in China, molybdenum raw materials' prices kept edging up.Asian Metal Copyright1.Asian Metal Copyright With strong downstream demand, Chinese molybdenum concentrate prices continued to rise slightly, and mines began to hold back from selling.Asian Metal Copyright Market Highlights In August, overseas supplies of molybdenum raw materials remained sufficient and these materials flooded into the Chinese market as downstream demand remained weak in overseas markets.Asian Metal Copyright Prices for ferromolybdenum in China rose with those for molybdenum concentrate.Asian Metal Copyright Due to the active downstream demand in China, molybdenum raw materials' prices kept edging up.Asian Metal Copyright Domestic ammonium molybdate prices increased supported by raw material prices, and market participants concluded deals cautiously.Asian Metal Copyright Market Highlights In August, overseas supplies of molybdenum raw materials remained sufficient and these materials flooded into the Chinese market as downstream demand remained weak in overseas markets.Asian Metal Copyright Prices for sodium molybdate, ammonium heptomolybdate and high-purity molybdenum oxide rose slightly and the markets saw rare transactions.Asian Metal Copyright Prices for sodium molybdate, ammonium heptomolybdate and high-purity molybdenum oxide rose slightly and the markets saw rare transactions.Asian Metal Copyright Supported by the prices for raw materials, prices for molybdenum powder and molybdenum deep-processed products remained firm.


.Asian Metal Copyright Prices for ferromolybdenum in China rose with those for molybdenum concentrateAsian Metal Copyright