Molybdenum News Center

Ferro Molybdenum Price - August 26, 2021

China’s domestic molybdenum market generally maintains stable on August 26, 2021. Under the situation of high molybdenum raw material prices and low spot positions, buyers and sellers are in a stalemate.

In the molybdenum concentrate market, there are many bulk orders. The willingness of downstream users to accept the goods and the high enthusiasm of molybdenum mining companies to ship goods are the main reasons for the increase in market enthusiasm. 

In the ferro molybdenum market, the fundamentals are good. Under the high price of ferro molybdenum, some steel companies are still willing to enter the market for bidding. This month, the number of steel tenders and ferro-molybdenum is expected to exceed 10,000 tons. 

In the molybdenum chemical industry and its products market, under the situation of tight spot and a large number of accumulated orders in the early stage, molybdenum chemical companies are generally less willing to sell at low prices, and there are not many terminal inquiries.

News: In July 2021, crude steel production in Africa was 1.3 million tons, an increase of 36.9% year-on-year; crude steel production in Asia and Oceania was 116.4 million tons, a decrease of 2.5%; crude steel production in the EU was 13 million tons, an increase of 30.3%; The output of crude steel in the Middle East was 3.6 million tons, an increase of 9.2%; the output of crude steel in North America was 10.2 million tons, an increase of 36.0%; the output of crude steel in South America was 3.8 million tons, an increase of 19.6%.

Prices of molybdenum products on August 26, 2021

Picture of molybdenum bar

Follow our WeChat to know the latest molybdenum price, information and market analysis.

• < Prev
• Next >