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China Molybdenum Price - April 30, 2021

China molybdenum price keeps strong in the week ended on Friday April 30, 2021 thanks to active trading activity. In the short term, insiders will mainly focus on the steel tender after the holiday of Labour Day.

In the molybdenum concentrate market, the overall trading is active, with transaction prices at around 1,730 yuan/ton. This is mainly due to the strong downstream demand and the support of the good international market atmosphere; in the ferro-molybdenum market, steel companies’ centralized bidding and bidding prices are relatively optimistic, which is the main reason for the temporary stability of suppliers’ mentality. In the molybdenum chemical industry and its products market, there was no obvious change in the market at the beginning of the week, but the market improved slightly near the weekend. It is attributed to the increase in end customer demand.

In the first quarter of 2021, the national stainless steel crude steel output was 8.168 million tons, a year-on-year increase of approximately 36.38%. Among them, the output of Cr-Ni series stainless steel was 3.463 million tons, an increase of about 13.9%; the output of Cr-Mn series stainless steel was 2.84 million tons, an increase of about 40.61%; the output of Cr series stainless steel was 1.808 million tons, an increase of about 29.47%. The duplex stainless steel was 53,727 tons, an increase of about 18.88% year-on-year. In the same period, the import of stainless steel was 542,800 tons, an increase of 332,200 tons, an increase of about 157.74%; and the export of stainless steel was 870,700 tons, an increase of 60,700 tons, or an increase of about 7.49%.

Prices of molybdenum products on April 30, 2021

Picture of ferro molybdenum

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