Molybdenum News Center

Molybdenum Oxide Price - May 20, 2021

China’s domestic molybdenum price is in an upward trend on May 20, 2021 when sellers raised their offers. At present, mainstream molybdenum concentrate price is about RMB 1,880/ton, ferromolybdenum price is RMB 127,000/ton, and molybdenum oxide price is RMB 1,990/ton.

From the perspective of supply and demand, starting from late April, considerable quantities and prices of downstream steel companies’ bidding are the main reason for the rapid decline in molybdenum concentrate inventories, which in turn encourages holders to have a strong sense of reluctance to sell. In addition, in the context of just-needed purchases, the tight supply of molybdenum powder and ammonium molybdate is also one of the reasons for the increase in market prices, so the recent low prices on the market are difficult to obtain.

In April, the value-added of industrial enterprises above designated size increased by 0.52% month-on-month, 9.8% year-on-year, and 14.1% year-on-year, with an average growth rate of 6.8% over the two years. Divided into three categories, the value added of the mining industry increased by 3.2% year-on-year; the manufacturing industry increased by 10.3%; the electricity, heat, gas and water production and supply industries increased by 10.3%.

Prices of molybdenum products on May 20, 2021

Picture of molybdenum rod 

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