First Quarter of 2023 in Europe Sodium Molybdate Prices - Price: Rs. 0

The Indian Sodium Molybdate Prices witnessed a significant price drop of 19.7% in March 2023 due to lower demand and increased supply, including cheaper imports from China and South Korea. Although production activities remained strong in India, the decrease in prices was supported by a decline in overseas demand. Additionally, Chinese producers had high inventories, anticipating an increase in demand from both domestic and foreign markets, which did not materialize, leading to an abundance of the product in the market. As a result, imported products were cheaper than initially expected, further impacting the price drop.

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