Molybdenum News Center

China Molybdenum Price - January 18, 2020

China molybdenum price remains weak adjustment early in this week. International molybdenum oxide price stops rising, which makes domestic prices difficult to increase. 

In addition, most molybdenum mining companies are slightly positive in their offers and steel companies’ bidding has slowed slightly, which is not good for market confidence. supported by high production cost, bargaining space is limited.

In early January 2021, the key statistical iron and steel enterprises produced a total of 21,956,100 tons of crude steel, 19.435,400 tons of pig iron, 20,519 million tons of steel, and 3.2226 million tons of coke. The average daily output was 2,195,600 tons of crude steel this week, an increase of 1.51% month-on-month and an increase of 11.58% year-on-year; pig iron was 1,943,500 tons, an increase of 2.84% month-on-month and an increase of 9.79% year-on-year; steel was 2.0519 million tons, a month-on-month decrease of 8.31% and an increase of 11.94% year-on-year .

Prices of molybdenum products on January 18, 2020

Picture of molybdenum block 

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