Molybdenum News Center

Molybdenum Powder Price - July 22, 2021

Molybdenum market quotation in China: ammonium molybdate, sodium molybdate and molybdenum powder prices are unchanged from the previous trading day on July 22, 2021 due to relatively quiet trading activity. However, supported by the limited spot inventory, many industry insiders still have great expectations for the market outlook.

In the molybdenum concentrate market, the overall enthusiasm is low, and downstream users are cautious about receiving goods. Molybdenum mining companies generally maintain rational shipments due to the reduction in output; in the ferro-molybdenum market, transactions have decreased compared with last week, mainly because steel companies’ inquiries for entering the market have decreased, but excessive power curtailment and high environmental pressure have led to a shrinking of ferromolybdenum output, which in turn supports a strong market price; in the molybdenum chemical and its products market, product prices have not changed significantly, and new orders are scarce, and most of them suppliers are focused on delivering pre-orders.

According to the monitoring of the Iron and Steel Association, at the end of June, the China Steel Price Index (CSPI) was 143.47 points, a decrease of 0.60 points from the end of May, a decrease of 0.42%, and a decrease of 2.81 percentage points from the previous month; a year-on-year increase of 40.46 points, an increase of 39.28%.

Prices of molybdenum products on July 22, 2021

Picture of molybdenum powder

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