Molybdenum News Center

China’s Molybdenum Powder Price - August 19, 2021

China’s molybdenum powder price maintains stability on August 19, 2021. The tight supply of molybdenum raw materials and the steady demand from steel companies are the main reasons for traders’ firm offers. However, the price of ferro molybdenum in Europe has been corrected and the international molybdenum market is less active, which may affect the domestic molybdenum market.

In the molybdenum concentrate market, the bulk cargo market is still very hot. With the price of molybdenum concentrate at a relatively high level, molybdenum mining companies generally have a higher awareness of security and further reduce inventories; in the ferro-molybdenum market, the market is optimistic and most steel companies take the initiative to receive the goods and the bidding price is considerable, which is the source of confidence for the industry to be optimistic about the market outlook. However, due to the high price of raw materials, the ferromolybdenum merchants are extremely cautious in purchasing; the low spot positions have supported the confidence of the holders to cover the goods and wait for them to rise. Coupled with the large number of pre-orders, some companies currently postpone their quotations.

Prices of molybdenum products on August 19, 2021

Picture of molybdenum powder

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