Molybdenum News Center

Molybdenum Powder Price - November 8, 2021

At the beginning of the week, the prices of ferro molybdenum, sodium molybdate and molybdenum powder continue to decline as participants hold negative sentiment under deadlocked supply and demand in the market. 

In order to obtain more orders, the prices of many molybdenum chemical products have fallen sharply. However, supported by production costs, the " golden September and silver October " season, and the sound development of emerging industries such as automobiles and new infrastructure, many traders still have expectations for the market outlook. At present, investors are most concerned about the bidding price of steel and the transaction situation of molybdenum mining enterprises.

News: According to the latest data from the China Iron and Steel Association, in late October, key steel companies produced 1,735,300 tons of crude steel per day, a decrease of 7.43% month-on-month and 19.53% year-on-year; steel stocks amounted to 12,844,900 tons, a decrease of 1,600 tons from the previous ten days. Decrease by 0.01%.

Prices of molybdenum products on November 8, 2021

Picture of molybdenum powder

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