Molybdenum News Center

Ferro Molybdenum Price - June 21, 2021

Molybdenum market quotation in China: ferro molybdenum, sodium molybdate, ammonium heptamolvbdate prices continued to rise on June 21, 2021. The demand from steel companies and end customers continued to increase, which promoted the increase in the activity of purchase and sales on the market. There was a large profit margin for suppliers. 

However, the international market has generally maintained a wait-and-see arrangement recently, and high-level transactions have been difficult, which will have an adverse effect on the domestic molybdenum market to a certain extent.

According to the production estimates of key statistical iron and steel enterprises, in early June, China produced a total of 3,206,600 tons of crude steel, and a daily output of 3,206,900 tons of crude steel, an increase of 0.04% month-on-month and a year-on-year increase of 12.93%; pig iron production was 25,160,600 tons, and daily iron production was 2.516 million tons.

Prices of molybdenum products on June 21, 2021

Picture of molybdenum powder

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