Molybdenum News Center

Molybdenum Bar Price - December 2, 2020

Molybdenum market quotation in China; ferro molybdenum, molybdenum powder and molybdenum bar prices decline slightly on December 2, 2020 under many instabilities in the market. 

In the molybdenum concentrate market, bulk orders are scarce. In addition to weak demand from ferromolybdenum merchants, which has a greater negative impact on market confidence, international molybdenum prices have declined slightly, which is also a reason for price decline.

The ferro-molybdenum market is not very optimistic. The bidding volume and prices of steel mills have dropped, resulting in increased pessimism among intermediate smelting companies. Coupled with the approaching end of the year, some merchants have a strong awareness of capital withdrawal, and the price of ferro-molybdenum is even weaker. However, due to cost support, the probability of a sharp drop in product prices is also small.

In the molybdenum chemical and its products market, trading volume is shrinking. The upstream market is weak and the terminal market demand is not good, which are the main reasons for the frustration of the confidence of the holders, and the recent policy is also tending to be calm. The growth of cargo orders is slow, but there is little room for long-term bargaining.

In terms of news: from January to October 2020, the national output of pig iron, crude steel, and steel was 741.7 million tons, 873.93 million tons and 1.083.28 million tons, respectively, an increase of 4.3%, 5.5% and 6.5% over the same period last year, according to the National Bureau of Statistics.

Prices of molybdenum products on December 2, 2020

Picture of molybdenum bar 

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