Molybdenum News Center

China Molybdenum Market - January 15, 2021

China molybdenum market was in a stalemate in the week ended on Friday January 15, 2021. With the influence of the stabilities in global economic market and geopolitical risks, international molybdenum prices fell slightly and the price in China also showed weak.

In the molybdenum concentrate market, the growth rate of orders is acceptable. Although downstream users are cautious in receiving goods, the approach of the Spring Festival and the rebound of the epidemic may lead to a slowdown in logistics and transportation. Therefore, molybdenum mining companies are generally more enthusiastic about shipments and start to consider profit-taking. 

In the ferromolybdenum market, purchases and sales on the market were slightly calm, steel companies have not yet concentrated on bidding for ferromolybdenum, and many suppliers have sufficient stocks, which are factors that hinder the market from heating up. The molybdenum chemical industry and its products market was caught in wait-and-see atmosphere. Although the terminal demand and the upstream market are insufficient, due to the support of costs, traders are basically unwilling to sell at lower prices and have a strong sense of profitability.

According to data from the General Administration of Customs, China exported 4.85 million tons of steel in December 2020, an increase of 448,000 tons from the previous month, an increase of 3.5% year-on-year; from January to December, China’s cumulative steel exports were 53.671 million tons, a year-on-year decrease of 16.5%.

Prices of molybdenum products on January 15, 2021

Picture of molybdenum electrode 

Follow our WeChat to know the latest molybdenum price, information and market analysis.

• < Prev
• Next >