Molybdenum News Center

China Ferro Molybdenum Price - November 30, 2020

Molybdenum market quotation in China: ferro molybdenum, molybdenum powder and molybdenum concentrate prices keep stable in the last trading day in November, 2020 amid mixed signals. 

Buyers and sellers are in a stalemate concerning about transaction prices under mixed signals in the market. Although the quantity of steel tenders is optimistic, prices are not high, which squeezes profits of businesses, making it difficult to increase of ferro molybdenum price. However, due to the strong price of molybdenum concentrate, mainstream merchants are not will to cut profits. 

From January to October 2020, industrial enterprises above designated size realized profits of 5012.42 billion yuan, an increase of 0.7% from the same period last year and a decrease of 2.4% from January to September. The cumulative profit growth rate from negative to positive for the first time this year. Among them, from January to October, the profit of the raw material manufacturing industry fell by 6.0% from the same period last year; the total profit of the mining industry was 307.23 billion yuan, down 34.5% from the same period last year; the total profit of the manufacturing industry was 425.6 billion yuan, an increase of 4.2% from the same period last year.

Prices of molybdenum products on November 30, 2020

Picture of molybdenum rod 

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