Molybdenum News Center

Molybdenum Powder Price - November 9 2020

Molybdenum market quotation in China: ferro molybdenum, molybdenum powder and molybdenum oxide prices remain stable in the middle of November with the influence of active steel tenders. 

China molybdenum price has a strong signal. In addition to the rise in the international molybdenum oxide price, which played a positive role in the restoration of market confidence. The tender price of steel mills rose slightly last week, which also supports molybdenum chemical companies to keep firm quotations. At present, the overall market inquiries and procurement activities are average. However, in the presence of more uncertain factors in the market, downstream and end users have greater differences in their views on the future market. Most of them are based on order-to-order procurement, and there is still a large room for product profits to rise.

Statistics from the World Steel Association show that in September 2020, the crude steel output of 64 countries and regions was 156.4 million tons, an increase of 2.9% over the same period last year. Among them, China's crude steel output was 92.6 million tons, an increase of 10.9% over the same period last year; India's crude steel output was 8.5 million tons, a decrease of 2.9% over the same period last year; Japan's crude steel output was 6.5 million tons, a decrease of 19.3% over the same period last year; South Korea’s crude steel output was 5.8 million tons, an increase of 2.1% over the same period last year.

Prices of molybdenum products on November 9 2020

Picture of molybdenum sheet

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