Molybdenum Bar Price - May 13, 2021
- Details
- Category: Molybdenum's News
- Published on 13 May 2021
- Written by Shuxia
- Hits: 143
Molybdenum market quotation in China: sodium molybdate, ammonium heptamolvbdate and molybdenum bar prices continue to rise on May 13, 2021 on tightening availability of raw materials in the Chinese market as well as affected by the rise in metal prices.
The molybdenum concentrate market is generally in short supply, which is mainly reflected in the strong downstream demand. In addition to the output shrinkage of domestic molybdenum enterprises, the supply side is also affected by the severe epidemic in some countries that has led to the slowdown in international logistics and transportation.
In the ferro-molybdenum market, product prices are relatively considerable, and the rising volume and price of steel companies' bidding and the strong awareness of molybdenum mining companies' reluctance to sell are the main reasons for the soaring market.
In the molybdenum chemical and its products market, traders have temporarily stabilized their mentality. Driven by favorable factors such as the activeness of the upstream market and the rising international molybdenum oxide prices, the quotations of molybdenum chemical products have also been revised upwards.
Prices of molybdenum products on May 13, 2021
Picture of molybdenum bar
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