Molybdenum News Center

China Molybdenum Oxide Price - January 6, 2021

China molybdenum price has slightly moved up on January 6, 2021. Under the influence of complex and severe global economic environment, the market is in the upward trend and traders have bullish sentiments. In the short term, the market is not likely to fall. 

In the molybdenum concentrate market, the overall transaction volume and price are acceptable. As the international molybdenum oxide price rises, downstream users continue to enter the market for inquiries, and the supply of raw materials is not very loose. The quotations of mainstream molybdenum mining companies rise to 1,540 yuan/ton. 

In the ferromolybdenum market, the bulk cargo market is not active. Although the time for steel companies to enter the site for bidding has not yet arrived, there are still individual steel companies willing to enter the market for bidding for ferromolybdenum and the bidding price is slightly optimistic. In addition, logistics and transportation are affected by the epidemic. As a result, the transaction price of ferromolybdenum also rises, basically around 103,000 yuan/ton.

In the molybdenum chemical and its products market, driven by the increase in raw material prices, the prices of many molybdenum chemical products have also risen. However, due to the limited consumption capacity of end customers, there are fewer new orders. The market outlook is mainly adjust according to supply and demand.

Prices of molybdenum products on January 6, 2021

Picture of ammonium heptamolybdate

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