Molybdenum News Center

China Molybdenum Price - August 13, 2021

China molybdenum price remained strong in the week ended on Friday, August 13, 2021. With the lack of stocks of molybdenum concentrates and molybdenum oxide, holders are reluctant to sell. 

The prices of many molybdenum chemical products have risen. Affected by the good operation of the domestic molybdenum market, the international molybdenum market has slightly improved. Coupled with the strike at the Caserones copper-molybdenum mine in Chile, the international molybdenum oxide price has risen sharply, about US$20.

In the molybdenum concentrate market, the spot liquidity is general. In addition to the strong mentality of molybdenum mining companies to hold up their goods, the price of raw materials is relatively high, which is also the reason for consumers to purchase cautiously; The bidding price is about 166,000 yuan/ton, and the sentiment of steel companies to receive goods has decreased near the weekend, but it has not yet affected the price of ferro molybdenum. At present, the industry is focusing on the price of steel in the middle of this month. 

In the market of molybdenum chemical industry and its products, supported by the high sentiment of bullishness in the upstream and international markets, supplier quotations are generally firm, while end customers are basically dominated by rigid demand.

Prices of molybdenum products on August 13, 2021

Picture of molybdenum crucible 

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