Molybdenum News Center

China Molybdenum Price - April 16, 2021

China molybdenum price remained stable in the week ended on Friday, April 16, 2021 in the context of the decline in the activity of steel tenders and weak overseas molybdenum market. in addition, orders have fallen short of expectations.

Downstream users basically seized opportunities to purchase products at low prices last week, so most of the current inventory can guarantee the normal production and operation of the enterprise, and thus they were not in a hurry to replenish their warehouses and only maintained rigid demand. With the original tight supply of molybdenum concentrates, environmental protection and the arrival of the overhaul season have exacerbated the problem of tension in the supply chain, which has increased the awareness of the holders of reluctance to sell.

According to the World Steel Association, as the economy recovers from the new crown epidemic, global steel demand will rise by 5.8% this year, but due to the weakening of stimulus spending, next year's growth will slow to 2.7% to 1.925 billion tons. It is predicted that by 2022, China's steel demand will grow by 1%, and the demand in developed economies will grow by 4.2%.

Prices of molybdenum products on April 16, 2021

Picture of molybdenum bar 

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

• < Prev
• Next >