Molybdenum News Center

China Molybdenum Price - June 4, 2021

China molybdenum price was in the upward trend in the week ended on Friday, June 04, 2021. With the approaching of the weekend, most suppliers were willing to raise their offers. 

In the molybdenum concentrate market, the fundamentals were relatively good. Increased activity in the international molybdenum market and increased demand from downstream users were the main reasons for the general optimism of molybdenum mining companies. in the ferromolybdenum market, the overall trading enthusiasm was average, steel companies were intensively entering the market for bidding and upstream merchants were reluctant to sell and had a strong sense to increase prices. As a result, the volume of transactions on the market was difficult to reach the best state; 

In the molybdenum chemical and its product market, product prices were mainly affected by the relationship between supply and demand. The consumption power of end customers was limited and the inventory of suppliers was not very affected. There was no significant change in the price of molybdenum chemical products for the time being.

In May, China’s logistics industry prosperity index was 55.8%, a month-on-month decrease of 1.5 percentage points; the new order index was 54.5%, a month-on-month decrease of 1.6 percentage points; the industry believes that from the perspective of later trends, the new order index is 54.5%; the business activity expectation index is 60.8%.

Prices of molybdenum products on June 4, 2021

Picture of ferro molybdenum

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