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Molybdenum Concentrate Price - May 17, 2021

Molybdenum market quotation in China: ferro molybdenum, molybdenum powder and molybdenum concentrate prices continue the upward trend on May 17, 2021 driven by the rising prices of bulk commodities, the high enthusiasm of steel companies to enter the market for bidding, and the good atmosphere of the international molybdenum market. 

At present, most domestic molybdenum chemical companies have a strong sense of price support. Therefore, it is difficult to find low-price sources in the market in the short term. Affected by the limited inventory of raw materials, the actual transaction volume is limited. 

In early May 2021, the social stocks of five major steel products in 20 cities were 12.49 million tons, a month-on-month decrease of 380,000 tons, down 3.0%, and the rate of decline narrowed; an increase of 5.19 million tons from the beginning of the year, an increase of 71.1%; a year-on-year decrease of 2.49 million tons, down 16.6%. In terms of different regions, southern China decreased by 220,000 tons from the previous month, a decrease of 6.9%; central China decreased by 110,000 tons, a decrease of 5.9%; northeast China decreased by 50,000 tons, a decrease of 8.2%; east China decreased by 40,000 tons, a decrease of 1.2%;southwest China decreased by 3 10,000 tons, down 1.4%; northwest increased by 50,000 tons, an increase of 7.4%; north China increased by 20,000 tons, an increase of 2.1%.

Prices of molybdenum products on May 17, 2021

Picture of molybdenum crucible 

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