Molybdenum Powder Price - April 29, 2021

molybdenum plate image Molybdenum market quotation in China: ammonium molybdate, ammonium heptamolvbdate and molybdenum powder prices climb at the end of April affected by active steel tenders as well as increased demand from end users. 

In the molybdenum concentrate market, the good market conditions and the increase in the consumption capacity of downstream users are the main reasons for the significant decline in the inventory of molybdenum concentrates, thus prompting suppliers to reluctantly sell and try to increase prices.

In the ferromolybdenum market, on-the-spot trading activity is acceptable, steel bidding prices are optimistic, and raw material prices are relatively high, which are the main power sources for the firm quotation of intermediate smelters. The current ferro molybdenum price is above 118,000 yuan/ton.

In the molybdenum chemical and its products market, the supply and demand side are still good. Driven by the good atmosphere in the upstream market, holders' awareness of low-price sales has been significantly reduced. Coupled with the increase in end-customer enquiries, there is small possibility that the transaction price will shift down in the short term.

From January to March 2021, Xinjiang's crude steel output was 2.5896 million tons, a year-on-year increase of 43.6%; pig iron output was 2.753 million tons, a year-on-year increase of 45.7%; steel output was 2,864,100 tons, a year-on-year increase of 51.5%. The year-on-year growth rate of iron, steel, and material output was higher than that of the whole country.

Prices of molybdenum products on April 29, 2021

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