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China Molybdenum Powder Price - April 12, 2021

Molybdenum market quotation in China: molybdenum concentrate and molybdenum oxide prices increase while molybdenum powder price remains unchanged on April 12, 2021. 

Under the background that both the supply and demand sides are still positive, the negotiating activity between buyers and sellers is relatively high. Downstream users are active in inquiries and purchases, and molybdenum mining companies are willing to ship, so orders are considerable. The recent closure of Chile will affect the import and export of molybdenum chemical products in the country to a certain extent. In addition, the industry believes that this month's ferromolybdenum bidding volume may exceed 10,000 tons.

In March 2021, due to factors such as environmental protection production restrictions and corporate overhauls, steel decreased by 1.5% from the previous month, and the supply of non-ferrous metals and chemicals increased by 2.1% and 3.9% from the previous month. The growth rate slowed by 1.2 and respectively from the previous month. 0.9 percentage points. In terms of sales volume, the sales volume of steel, non-ferrous metals and chemicals in March 2021 increased by 4.7%, 5.5% and 2.6% respectively from the previous month. In terms of inventory, steel inventories decreased by 1.1% from the previous month, and non-ferrous metals and chemical inventories increased by 0.3% and 1.9% respectively.

Prices of molybdenum products on April 12, 2021

Picture of molybdenum parts 

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