Molybdenum Bar Price - April 22, 2021

molybdenum bar image Molybdenum market quotation in China: sodium molybdate, ammonium heptamolvbdate and molybdenum bar prices remain weak adjustment under lower-than-expected steel tenders and declined international molybdenum prices.

At present, due to the relatively low prices of molybdenum chemical products, downstream users' enquiry activity has increased compared with last week. In the short term, industry players will focus on the mining situation of molybdenum mining companies, the launch time of new round of steel bidding activities and the import of molybdenum raw materials. With the support of costs, transaction prices are not likely to drop sharply. 

According to the monitoring of the Iron and Steel Association, at the end of March, the China Steel Price Index (CSPI) was 136.28 points, an increase of 4.92 points from the previous month, an increase of 3.75%, and a year-on-year increase of 37.07 points, an increase of 37.37%. Among them, the CSPI Long Products Index was 139.63 points, an increase of 4.67 points or 3.46% from the end of February, and a year-on-year increase of 34.96 points, an increase of 33.40%; the CSPI Plate Index was 136.11 points, an increase of 4.94 points or an increase of 3.77% from the end of February, a year-on-year increase of 40.75 points, an increase of 42.73%.

Prices of molybdenum products on April 22, 2021

molybdenum bar price image

Picture of molybdenum bar 

molybdenum bar image

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