Molybdenum News Center

International Molybdenum Price - February 22, 2021

Molybdenum market quotation in China: ferro molybdenum, molybdenum oxide and molybdenum powder prices show signs of rise in late February. Under active trading activity for both buyers and sellers, the trading volume is considerable. 

Affected by the Spring Festival holiday, although the domestic market sentiment is light, the international molybdenum price has risen rapidly, which has forced many domestic molybdenum chemical companies to hold their goods and wait for the rise. In addition, recently, steel companies have entered the market one after another for bidding, which is also the main reason for the rapid rise in market temperature.

In early February 2021, key statistical iron and steel enterprises produced a total of 21.544 million tons of crude steel, 19.163 million tons of pig iron, 2017.73 million tons of steel and 3.3924 million tons of coke. The average daily output was 2,154,400 tons of crude steel this week, down 1.02% month-on-month and up 11.09% year-on-year; pig iron was 1,916,300 tons, down 0.21% month-on-month and up 6.61% year-on-year; steel products were 2.017 million tons, down 8.13% month-on-month and up 14.71% year-on-year .

Prices of molybdenum products on February 22, 2021

Picture of molybdenum alloy part 

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