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Molybdenum price in China remains weak adjustment as the enchanting smell of the holidays is still encompassing the market. The latest price of molybdenum concentrates and molybdenum oxide edges lower and sodium molybdate price remains stable.
Domestic molybdenum market keeps quiet as people have not yet come back from the holiday. Downstream steel price adjusts slightly, terminal enterprises are reluctant to purchase, and thus businesses are cautious, waiting for new bidding price of ferro molybdenum.
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