China Ferro Molybdenum Price – July 30, 2021

China Ferro Molybdenum Price – July 30, 2021

Molybdenum market quotation in China: ferro molybdenum, sodium molybdate and ammonium heptamolvbdate prices kept firm in the week ended on Friday, July 30, 2021 with fierce price game between buyers and sellers. 

The molybdenum concentrate market is relatively optimistic. With ferro-molybdenum merchants' enthusiasm for replenishment and the price of molybdenum concentrates rising, molybdenum mining companies are generally more willing to ship, so the order growth rate is considerable; In the ferro molybdenum market, the transaction volume and price are average. Although the bidding volume of steel companies has not reached 10,000 tons so far this month, under the support of rising raw material prices, ferro molybdenum price has also moved upward. 

In the molybdenum chemical industry and its products market, the buying and selling atmosphere on the market was slightly calmer. Suppliers had a strong feeling of holding up their goods and waiting for the rise. Most of them focused on the delivery of pre-orders, while the end customers basically maintained just-needed purchases.

In the news: in June 2021, the average unit price of China's steel imports was US$1286.58/ton, an increase of 1.74% month-on-month and 69.69% year-on-year; the average unit price of exports was US$1283.35/ton, an increase of 12.42% month-on-month and 40.74% year-on-year. After the cancellation of the export tax rebate policy was implemented in May, the average price of Chinese steel exports rose sharply, while the increase in the average import price slowed down, and the import and export price difference quickly narrowed to US$3/ton in June.

Prices of molybdenum products on July 30, 2021

Picture of molybdenum block 

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