Molybdenum News Center

China Molybdenum Price - October 29, 2021

China molybdenum price edged lower in the week ended on Friday, October 29, 2021 affected by poor performance in the steel tender market. But the room for price decline is limited as the stock of molybdenum raw materials is in a low level and the cost of production is high. 

The molybdenum concentrate market was weak on the whole. Although the production of some molybdenum mining enterprises is still affected by the upgrade of environmental protection and power curtailment policies, it is still difficult to offset the impact of sluggish downstream demand on the market. In addition, the price of molybdenum rose sharply in July and August, which is also one of the reasons why molybdenum prices have room for decline in recent days.

The buying and selling atmosphere in the ferro molybdenum market was low. Under the background of carbon peak and carbon neutrality, the production of many steel companies is still restricted, which will lead to poor demand for ferromolybdenum and affect the operation of the entire molybdenum market. In the short term, the demand for ferromolybdenum has limited growth.

The molybdenum chemical and its products market has not changed significantly for the time being. In the case of a sharp drop in the price of raw materials, the quotations of molybdenum chemical companies have also been rationally lowered, and the end customers maintain just-needed purchases, which can slow down the market to a certain extent. speed.

Prices of molybdenum products on October 29, 2021

Picture of molybdenum rod 

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