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Ferro Molybdenum Price - April 19, 2021

Molybdenum market quotation in China: ferro molybdenum, molybdenum concentrate and molybdenum oxide prices remain stable on April 19, 2021 affected by the end of steel tenders last week. 

New increased orders slow down, leading to the difficulty in the rise of transaction price. with the support of low inventories of raw materials and high production costs, some mining enterprises still have strong rised mentality. participants thought the market may be in a stalemate in the short term. 

In the first quarter of 2021, the national industrial capacity utilization rate was 77.2%, a year-on-year increase of 9.9 percentage points. Among them, the mining industry's capacity utilization rate was 75.3%, an increase of 8.2% year-on-year; the manufacturing capacity utilization rate was 77.6%, an increase of 10.4% year-on-year; the power, heat, gas and water production and supply industry capacity utilization rate was 74.5%, A year-on-year increase of 6.7 percentage points.

Prices of molybdenum products on April 19, 2021

Picture of molybdenum sheet 

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