China Molybdenum Price - April 2, 2021

China molybdenum price remained weak adjustment in the week ended on Friday, April 02, 2021, despite steel tenders were active early this week and international moly price rebounded when the weekend approached. 

In the molybdenum concentrate market, supply and demand were relatively balanced, downstream users maintained rigid demand, and the willingness of holders to actively ship goods was not high, so transactions were mostly based on long-term orders. The current molybdenum concentrate price stands at 1,660 yuan per ton.

In the ferromolybdenum market, steel companies had a heavier price reduction mentality, which is the main reason that makes it difficult to increase the price of ferromolybdenum. However, in March, China’s ferromolybdenum bidding volume exceeded 9,000 tons; in the molybdenum chemical industry and its products market, the fundamentals had not changed significantly. In addition to the impact of supply and demand, product prices were also affected by fluctuations in overseas molybdenum prices and raw material prices. Before this, traders basically remained cautious in trading.

In the news: the operation of the steel industry in January-February 2021: rapid growth in steel production; large increase in steel imports and exports; steel mill prices have changed from falling to rising; corporate profits have risen sharply; steel stocks have risen significantly; imported iron ore prices have been high run.

Prices of molybdenum products on April 2, 2021

China molybdenum price image

Picture of molybdenum dioxide 

molybdenum dioxide image

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