Molybdenum News Center

Sodium Molybdate Price - March 31, 2021

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices fell in the last trading day of March despite of slow recovery in steel tenders. 

The molybdenum concentrate market is stable as downstream users basically maintain just-need purchases. In order to avoid the risk of upside down, upstream merchants are not willing to lower prices. 

In the ferromolybdenum market, the activity on the market has increased. This is mainly due to the increase in steel companies willing to enter the market for inquiries and purchases, but the bidding price is not very satisfactory, at about 110,000 yuan/ton.

Molybdenum chemical industry and its products market is caught in wait-and-see atmosphere, and both buyers and sellers basically maintain rigid demand transactions, resulting in weak product price increases. In the short term, the industry will focus on the operation of the upstream market and the international market.

Prices of molybdenum products on March 31, 2021

Picture of molybdenum block 

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