Molybdenum Oxide Price - January 11, 2020

TZM bar image Molybdenum market quotation in China: the ferro molybdenum, molybdenum concentrate and molybdenum oxide prices keep firm in the week began on Monday January 11, 2021. 

Although the market is affected by the instability caused by the Covid-19, upstream molybdenum mining companies are will to sell their products, and price and quantity of steel tenders seem good. Now market trading is active and orders increase. 

On December 21, 2020, the "Research Report on China and National Steel Demand Forecast Results in 2021" issued by the Metallurgical Industry Planning and Research Institute predicts that in 2020, China's crude steel output will be 1.050 billion tons, a year-on-year increase of 5.4%, and it will exceed 1 billion for the first time. It accounts for about 60% of global crude steel output, and is equivalent to 11 times and 10 times the crude steel output of the United States and Japan, respectively.

Prices of molybdenum products on January 11, 2020

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