Chinese molybdenum oxide and molybdenum concentrate prices climb slightly due to increased trading activity and decreased low-price resources. In the molybdenum concentrate market, the operating rate increases and mainstream mining enterprises keep firm offers with the effective control of coronavirus in China.

In the ferromolybdenum market, the fundamentals are relatively optimistic. Steel companies’ general enquiries and purchasing sentiment are generally high, which has brought certain support to the market confidence. The price of ferro molybdenum has remained stable. Most ferro molybdenum manufacturers have a positive outlook for the future market; in the market of molybdenum chemicals and their products, the general market transaction atmosphere is general. Driven by the resurgence of the upstream market, suppliers have a strong mentality of price. Molybdenum chemical products are mainly stable.