Molybdenum News Center

Molybdenum Powder Price - August 18, 2021

China’s ferro molybdenum, molybdenum powder and tungsten concentrate prices continue to rise on August 18, 2021 with the support of rising prices and quantity of steel tenders. 

From the perspective of positive factors, as the output of molybdenum mining companies is shrinking and the import volume is limited, the initiative of steel companies to enter the market for bidding has increased, which promotes the rise of the molybdenum market to a large extent. In addition, due to the impact of the epidemic, the increase in transportation costs has also become one of the reasons for the increased awareness of suppliers of price increases.

From the perspective of negative factors, as the price of molybdenum raw materials rises, downstream users’ hesitation in purchasing has also increased, resulting in the order growth rate has not yet reached the optimal level, coupled with the impact of the steel production limit policy, it will also be affected to a certain extent. The sales of ferromolybdenum are suppressed.

In the news: From January to July 2021, China produced a total of 649.33 million tons of crude steel, an increase of 8.0% year-on-year; the cumulative production of pig iron was 533.5 million tons, an increase of 2.3% year-on-year; the cumulative production of steel products was 80.09 million tons, an increase of 10.5% year-on-year; , The added value of China's ferrous metal smelting and rolling processing industry increased by 9.2% year-on-year.

Prices of molybdenum products on August 18, 2021

Picture of molybdenum disulphide grease

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