Molybdenum Powder Price – October 20, 2021

Molybdenum Powder Price – October 20, 2021

Molybdenum market quotation in China: ferro molybdenum, molybdenum concentrate and molybdenum powder prices become weak on October 20, 2021. 

Under the pressure of poor performance in steel tender market and insufficient liquidity, the prices of molybdenum raw materials have dropped sharply, prompting downstream users to increase their enthusiasm for receiving goods. In the near future, the industry has focused on the steel bidding price and the quotation of molybdenum mining companies.

In the molybdenum concentrate market, in order to obtain more orders and reduce stocks, most suppliers are willing to sell at a lower price. The transaction price of molybdenum concentrate is generally below 2300 yuan/ton; in the ferromolybdenum market, the overall activity is average. Although the price of molybdenum raw materials has dropped significantly, which has greatly eased the upside-down situation of ferromolybdenum businesses, it is still difficult to offset the damage caused by most steel companies’ delayed bidding to the entire molybdenum market; in the molybdenum chemical and its products market, transactions are flat, and product prices have not changed significantly. This is mainly due to the fact that the prices of raw materials still support a certain degree and the end customers basically maintain rigid purchases.

In the news: According to the monitoring of the Ministry of Commerce, the market prices of national production materials from October 11 to 17 rose by 5.8% from the previous week. Among them, the price of steel fell slightly. The prices of high-speed wire rod and rebar were 5,761 yuan and 5,569 yuan per ton, down 0.5% and 0.3%, respectively, and the price of channel steel was 5,592 yuan per ton, the same as the previous week.

Prices of molybdenum products on October 20, 2021

Picture of molybdenum electrode 

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