Molybdenum News Center

Molybdenum Oxide Price - March 3, 2021

Molybdenum market quotation in China: molybdenum concentrate and molybdenum oxide prices decline slightly on March 3, 2021 due to reduced trading activity under the complex and severe global economic situation. 

At present, industry insiders have quite different views on the market outlook. Some people think that the price of molybdenum chemical products may drop slightly in the later period, and some people think that the future market may continue to be in a stalemate. Although some steel companies are still willing to enter the market for bidding, it is still difficult to offset the damage caused by the stable and weak operation of the international molybdenum market, and domestic suppliers are slightly less motivated to raise prices.

In the news: the total output of molybdenum concentrate (physical tons) nationwide in February was 17,947 tons, down 3.4% from January, and up 13.1% from the same period last year; total ferromolybdenum production was 13,690 tons, down 18.8% from January, compared with last year The total output of ammonium molybdate was 4,045 tons, down 8.2% from January, and an increase of 49% from the same period last year; the total output of molybdenum powder was 1,399 tons, down 2.5% from January, and an increase of 167% from the same period last year.

Prices of molybdenum products on March 3, 2021

Picture of molybdenum boat 

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

• < Prev
• Next >