Molybdenum News Center

Ferro Molybdenum Price - July 21, 2021

China molybdenum market remains stable on the whole on July 22, 2021. In the case of limited positive support, traders' cautious sentiment has increased, which is mainly reflected in the weak rise in the price of molybdenum chemical products, the decline is also difficult, and the transaction volume is small.

The weakening of the ability of steel companies to enter the market for bidding has led to a general decline in the initiative of ferro molybdenum merchants to receive goods. As a result, the growth of molybdenum concentrate orders has been slow. Coupled with the weak and stable operation of the international molybdenum market, the confidence of domestic suppliers in raising price is even more insufficient. However, due to the early trading activity in the market, the recent hot and rainy weather and the overhaul season, the production capacity of most molybdenum mining companies has shrunk slightly, so mainstream’s willingness of shipments are not high.

In the news: In the first half of 2021, the gross domestic product was 5,32167 trillion yuan, a year-on-year increase of 12.7%, and an average growth rate of 5.3% in the two years. Among them, the value added of the mining industry in the first half of the year increased by 6.2% year-on-year, with an average growth rate of 2.5% in two years.

Prices of molybdenum products on July 21, 2021

Picture of ferro molybdenum

Follow our WeChat to know the latest molybdenum price, information and market analysis.

• < Prev
• Next >