Molybdenum News Center

Molybdenum Concentrate Price - August 27, 2021

China’s domestic molybdenum market keeps stable and firm in the week ended on Friday, August 27, 2021. Affected by the short supply at the beginning of the week, the prices of many products have risen, which in turn stimulated the increase in profit-making awareness of holders. At the same time, it also increased the hesitation and wait-and-see mood of consumers in purchasing.

In the molybdenum concentrate market, the overall activity is acceptable. The limited capacity release of domestic molybdenum mining companies and the month-on-month decrease in molybdenum raw material imports in July have largely supported the strong price of molybdenum concentrates, coupled with the steady demand from ferromolybdenum businesses. It also increases investor confidence in speculation. 

In the ferro molybdenum market, on-site purchases and sales are general. Although the volume price of steel is not at its best, but due to the high raw material prices and the greater transportation costs, intermediate smelting companies are generally strong in price, and the transaction price is around 168,000 yuan/ton.

In the molybdenum chemical industry and its products market, there is an overall priceless pattern. In the case of tight spot supply of some molybdenum chemical products, suppliers’ quotations have been raised as the price of molybdenum raw materials rises, but end users are cautious in receiving goods. 

Prices of molybdenum products on August 27, 2021

Picture of molybdenum crucible 

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