Molybdenum Powder Price - April 15, 2021

molybdenum bar image China’s domestic ferro molybdenum and molybdenum powder prices are unchanged from the previous trading day when the whole market trading is not active and deals are limited. 

Affected by the centralized bidding of steel companies last week and the high willingness of molybdenum mining companies to ship goods, the current molybdenum concentrate companies and ferromolybdenum manufacturers are not eager to sell their products as their stocks are at a low level. In addition, due to the high pressure of environmental protection, production of molybdenum enterprises reclines. Therefore, the probability of a sharp drop in market prices is unlikely in the short term.

In early April 2021, key statistical iron and steel enterprises produced a total of 22,739,300 tons of crude steel, 96,015 million tons of pig iron, and 20,907,600 tons of steel. The average daily output this week was 2,273,900 tons of crude steel, a month-on-month increase of 2.88%, a year-on-year increase of 16.86%; pig iron 1,960,100 tons, a month-on-month increase of 2.55%, a year-on-year increase of 9.88%; steel 2.0908 million tons, a month-on-month decrease of 5.81%, a year-on-year increase of 14.67 %.

Prices of molybdenum products on April 15, 2021

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Picture of molybdenum bar 

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