Molybdenum News Center

China Molybdenum Price - October 25, 2021

China’s domestic molybdenum price remains stable on the whole at the beginning of the week under the interweaving of many positive and negative factors.

Buyers and sellers were relatively hesitant to enter the market, which made new orders limited and product prices difficult to update. Favorable factors include shrinking supply of raw materials, rising energy prices and a good global economic recovery trend; negative factors include steel mills’ bidding volume and price and end-customer demand is less than expected.

News: according to new data from the National Bureau of Statistics, in September 2021, China's steel production was 17.698 million tons, a year-on-year decrease of 24.7%; the cumulative output from January to September was 195.452 million tons, a year-on-year increase of 0.6%. In September, China's wire rod (wire rod) output was 11.171 million tons, down 27.2% year-on-year; the cumulative output from January to September was 1,2056.8 tons, down 2.3% year-on-year.

Prices of molybdenum products on October 25, 2021

Picture of molybdenum block 

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