Molybdenum News Center

Molybdenum Concentrate Price - November 29, 2021

China molybdenum market is in a stalemate at the beginning of the week. Under the background that steel companies enter the market for bidding, raw material prices are close to the cost line and their supply is difficult to increase, holders have a strong sense of reluctance to sell at low prices. 

However, due to the overall demand still falling short of expectations and the limited support for the development of emerging markets, the price of molybdenum products is also difficult to increase significantly. Currently, the prices of molybdenum concentrate and ferromolybdenum are respectively stalemate at 1,950 yuan/mtu and 134,000 yuan/ton.

In the news: In October 2021, the crude steel output of 64 countries or regions included in the World Steel Association statistics was 145.7 million tons, a year-on-year decrease of 10.6%. Among them, China’s crude steel output was 71.6 million tons, a year-on-year decrease of 23.3%; India’s 9.8 million tons, a year-on-year increase of 2.4%; Japan’s 8.2 million tons, a year-on-year increase of 14.3%; the United States 7.5 million tons, a year-on-year increase of 20.5%; South Korea’s 5.8 million tons , A year-on-year decrease of 1.0%.

Prices of molybdenum products on November 29, 2021

Picture of molybdenum plate 

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