Molybdenum News Center

China Ferro Molybdenum Price - December 1, 2021

Molybdenum market quotation in China: ferro molybdenum price edges higher while prices of molybdenum oxide and sodium molybdate remains unchanged in the first trading day on December, 2021. 

Factors such as rising steel bidding prices and quantity, limited production of molybdenum raw materials and sound development of downstream industries have greatly boosted suppliers’ confidence in firm quotations. However, crude steel production restriction policies are still tightening and many buyers face liquidity shortage, and thus the rebound of molybdenum price is difficult. 

The molybdenum concentrate market has improved slightly. After a round of volume increased, the sales pressure of molybdenum mining companies has been significantly reduced. Coupled with the impact of lower temperatures and environmental pressures, the output of molybdenum concentrates has also been reduced, which is conducive to the quotation. 

In the ferro molybdenum market, the order growth rate is acceptable. Under the background of the traditional peak season, the low price of ferromolybdenum and the low inventory of many steel companies are the main reasons for the recent increase in the sales of ferromolybdenum. 

In the molybdenum chemical and its products market, on-site purchases and sales are flat. Although terminal demand is difficult to increase and holders are reluctant to sell and have a strong mentality, resulting in scarce new orders, supported by the increase in upstream market activity, there are still many players have good expectations for the future.

In the news: In November 2021, the PMI of the steel industry was 36.6%, a decrease of 1.7 percentage points from the previous month. Among the sub-indexes, the new order index was 25.9%, the lowest value since this year; the new export order index was 34.8%, a decrease of 3.9 percentage points from the previous month; the production index was 33.5%, a decrease of 3.3 percentage points from the previous month; the purchasing volume index was 32.0 %, a month-on-month decrease of 5.0 percentage points; the finished product inventory index was 28.6%, a month-on-month decrease of 2.2 percentage points; the purchase price index was 39.1%, a month-on-month decrease of 20.9 percentage points.

Prices of molybdenum products on December 1, 2021

Picture of molybdenum bar 

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