Molybdenum News Center

Molybdenum Powder Price - June 2, 2021

China’s domestic molybdenum market shows signs of improvement overall on June 2, 2021. At the beginning of the month, steel companies were more motivated to enter the market for bidding, and the bidding price was satisfied, about 123,000 yuan/ton, which increased the confidence of traders to hold the price to a certain extent. 

In the molybdenum chemical market, although the end customers basically purchase what they actually need, but due to the lack of inventory of some products such as molybdenum powder, suppliers are generally low in willingness to cut profit. Therefore, it is difficult to find low-priced sources of molybdenum powder. The prices of molybdenum powder, ammonium tetramolybdate and ammonium heptamolybdate are held at around RMB 250/kg, RMB 126,000/ton, and RMB 130,000/ton respectively.

From January to April 2021, the national output of pig iron, crude steel, and steel was 306.64 million tons, 374.55 million tons, and 452.53 million tons, respectively, up 8.7%, 15.8% and 20.1% year-on-year. 

In terms of import and export: During the same period, China exported 25.65 million tons of steel products, a year-on-year increase of 24.5%; cumulative imports of steel products were 4.89 million tons, a year-on-year increase of 16.9%. In terms of corporate benefits: according to the key statistics of the China Iron and Steel Association, steel companies achieved operating income of 218.33 billion yuan, a year-on-year increase of 55.5%; realized profits of 123.9 billion yuan, a year-on-year increase of 293.0%.

Prices of molybdenum products on June 2, 2021

Picture of ferro molybdenum

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