Molybdenum News Center

Molybdenum Powder Price - November 10, 2021

Molybdenum market quotation in China: ferro molybdenum, molybdenum oxide and molybdenum powder prices decline steadily on November 10, 2021 affected by poor performance in steel tenders, limited output of concentrate and capital shortage. 

In the molybdenum concentrate market, downstream users are cautious in receiving goods, and holders have limited profit margins, which are the main reasons for the scarcity of new orders. At present, the industry focuses on the impact of stricter environmental protection supervision on the production of mining enterprises.

In the ferromolybdenum market, there is generally a pattern of pricelessness. In the context of the recent sharp decline in ferromolybdenum prices, although most steel companies have entered the market for inquiries, the actual transaction is slightly difficult, mainly due to restrictions on production and electricity. The impact of steel mills' production capacity has shrunk significantly.

In the molybdenum chemical and its products market, the fundamentals have not changed significantly for the time being. In the case of the decline in the price of raw materials, the supplier's quotations have also been adjusted downwards. However, because the end customers basically maintain just-need purchases, there is still a certain amount of trading in the market.

Prices of molybdenum products on November 10, 2021

Picture of molybdenum disc 

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