China Molybdenum Price - March 12, 2021

molybdenum powder imageChina molybdenum price remained stable in the week ended on Friday, March 12, 2021 as the market was caught in wait-and-see atmosphere and transactions were limited concluded. 

In the molybdenum concentrate market, although the enthusiasm of downstream replenishment was acceptable, the psychology of lowering prices was also strong. Affected by the shortage of funds, molybdenum companies have to cut profits. In the ferro molybdenum, market, it was under pressure due to the unsatisfactory price of steel bids. However, with the increase of downstream inquiries, it was difficult to find low-priced sources of goods in the market. The market of molybdenum chemical industry and its products was tepid. Prices were basically in a reasonable range, and end customers mainly purchased by order. 

In February 2021, the national ex-factory prices for industrial producers increased by 1.7% year-on-year and 0.8% month-on-month; industrial producer purchasing prices increased by 2.4% year-on-year and 1.2% month-on-month. On average from January to February, the ex-factory price of industrial producers increased by 1.0% year-on-year, and the purchase price of industrial producers increased by 1.6%, according to data from the National Bureau of Statistics.

Prices of molybdenum products on March 12, 2021

China molybdenum price image

Picture of molybdenum powder

molybdenum powder image

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