Molybdenum News Center

China’s Sodium Molybdate Price - August 11, 2021

China’s domestic molybdenum market as a whole maintains a stable operation on August 11, 2021 supported by the tight spot supply of some molybdenum chemical products. Traders are reluctant to sell their stocks and have a strong bullish sentiment. However, due to the high cautiousness of downstream users in purchasing, the actual transactions are limited.

From the perspective of the supply side, in addition to the early consumer enthusiasm for receiving goods, which is the reason for the current shortage of molybdenum concentrates, the recent typhoon and rain and the strengthening of order in the molybdenum industry are also the main reasons for the tight supply of molybdenum concentrates. In this context, the price of molybdenum chemical products is relatively optimistic. Sodium molybdate price is about 107,000 yuan/ton, and molybdenum powder is about 315 yuan/kg. 

From the demand side, some steel companies are still willing to enter the market for bidding, which is the source of power to support the smooth operation of the molybdenum market. However, the weak terminal demand has largely led to fewer new orders for molybdenum powder and ammonium molybdate.

Prices of molybdenum products on August 11, 2021

Picture of ferro molybdenum

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