Molybdenum News Center

Molybdenum Bar Price - June 9, 2021

Molybdenum market quotation in China: molybdenum concentrate, ferro molybdenum and molybdenum bar prices are in the upward trend on May 9, 2021 due to good trading atmosphere both at home and abroad. 

In addition to the sharp rise in international molybdenum prices, which has shored up domestic market confidence, steel companies and end customers continue to increase their demand, resulting in a situation in which the market is in short supply, and it is the source of motivation for the holders to firm up their quotations. 

From January to May 2021, china exported 30.924 million tons of steel, an increase of 23.7%. Among them, steel exports in May were 5.271 million tons, a year-on-year increase of 19.8% and a month-on-month decrease of 33.86%. Except for February this year, it was the first month-on-month decline since September last year.

Prices of molybdenum products on June 9, 2021

Picture of molybdenum bar 

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