Molybdenum News Center

Ferro Molybdenum Price - October 13, 2021

Ferro molybdenum price in the Chinese market rebounds on October 13, 2021 stimulated by rising steel prices. Traders' mentality has improved, so the order growth rate has accelerated compared with before the holiday.

In the molybdenum concentrate market, ferromolybdenum merchants basically remain cautious in purchasing. However, due to the low stock of raw materials and high production costs, holders are more willing to bid for prices; in the ferromolybdenum market, the fundamentals are gradually increasing. The increase in the quantity and price of ferro-molybdenum in tenders by steel companies has largely reduced the risk of inversion faced by intermediate smelting companies. 

In the molybdenum chemical industry and its products market, the overall operation is flat. Although end customers generally maintain a rigid demand for goods, the suppliers are not aware of price cuts and shipments, so transactions are limited.

In terms of news: China Iron and Steel Association data shows that in late September 2021, key statistical iron and steel enterprises produced a total of 17.6882 million tons of crude steel, 16.8123 million tons of pig iron, and 18,640,800 tons of steel. Among them, the daily output of crude steel was 1,768,800 tons, a decrease of 11.18% from the previous month; the daily output of pig iron was 1,681,200 tons, a decrease of 5.81% from the previous month; the daily output of steel was 1,864,100 tons, a decrease of 3.37% from the previous month.

Prices of molybdenum products on October 13, 2021

Picture of molybdenum concentrate 

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