China Concentrates Price - December 8, 2021

molybdenum bar image China’s domestic molybdenum prices have rised on the whole on December 8, 2021 under the background of limited release of raw material production capacity and rising steel prices. Traders generally have a good mentality and high sentiment for entering the market, which has led to a high volume of transactions.

In the molybdenum concentrate market, bulk orders have grown rapidly. With increasing inquiries from downstream users and low stocks of molybdenum concentrates, concentrates price has risen sharply, prompting holders to increase their willingness to realize profits.

In the ferromolybdenum market, the fundamentals are good, and steel companies have entered the market for bidding and bidding prices are acceptable, which greatly enhances the confidence of intermediate smelting companies in raising prices. However, due to the excessive increase in the price of ferromolybdenum, it has also caused concerns of some industry players.

In the market of molybdenum chemical industry and its products, the enthusiasm in the market has slightly increased. Supported by the obvious increase in raw material prices, supplier quotations have also increased. The current prices of molybdenum powder and ammonium heptamolybdate have risen to 293 yuan/kg and 147,000 yuan/ton, respectively. 

News: According to customs data, China exported 61.875 million tons of steel from January to November 2021, an increase of 26.7% year-on-year; in November, China exported 4.361 million tons of steel, a month-on-month decrease of 139,000 tons, a year-on-year decrease of 0.9%. From January to November, China imported 13.267 million tons of steel, a year-on-year decrease of 29.6%; in November, China imported 1.424 million tons of steel, an increase of 294,000 tons from the previous month, a year-on-year decrease of 23.0%.

Prices of molybdenum products on December 8, 2021

China concentrates price image

Picture of molybdenum bar 

molybdenum bar image

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