Ferro Molybdenum Price Trend

Due to steel industry bidding, tungsten carbide manufacturer ferro molybdenum price is under pressure and decreased to RMB70,000~73,000/ton. Mass purchase price has led to the same trend for retail prices.

The going down trend for ferro mo is mainly because of the continuously lower prices by steel industry, which has also resulted in imbalance of supply and demand of the market. It is expected that the price will lower than 70,000RMB/ton next week.

Downstream factories continue to pass on the pressure to the molybdenum raw materials, leading to weak confidence in the market outlook, the market bearish atmosphere is still strong. It is expected that the domestic molybdenum concentrate market is bound to continue under pressure and keeps downward trend next week.

Price of molybdenum chemical Cemented Carbide Tips market has going down by following the primary market for lower molybdenum prices. On the one hand, the cost of support continues to weaken, and on the other hand, the terminal consumption gradually turns into the off-season, the overall demand situation is not ideal. Resulting in molybdenum chemical companies continue to lower offers, selling products by lowering down the cost has been increased. In addition, downstream procurement is also lower prices.

International molybdenum market prices have been decreasing at the same trend.  On June 15, 2017 (overnight) Platts metal (US MW) International molybdenum oxide prices fell slightly to 6.8 (down 0.1) - 6.9 (down 0.1) USD/lb.Mo, and European ferromolybdenum prices temporarily stable at 17.2 (flat) - 17.6 tungsten alloy bar (flat) USD/kg.Mo.

 

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