China Molybdenum Price – June 23, 2021
- Category: tungsten‘s News
- Published on Thursday, 24 June 2021 13:52
China molybdenum price is in a high level on the whole in June, 2021. Although overseas molybdenum prices have fallen slightly, due to the increase in international molybdenum market transactions and active bidding for steel companies, holders still maintain strong quotations.
From the supply side, due to the strong downstream demand in the early stage, the supply of molybdenum chemical products is slightly tight, coupled with the recent tightening of environmental protection policies and the advent of the overhaul season, the growth of molybdenum raw material inventories is slower, so the probability of price reduction in the short term is unlikely. .
China will promote the adjustment of the steel industry structure from the following five aspects: first, strictly enforce the prohibition of new production capacity; second, promote the low-carbon and green development of the steel industry; third, promote the simultaneous restructuring of the steel industry; fourth, encourage the optimization of the steel industry; fifth, improve the development quality level of the steel industry.
Prices of molybdenum products on June 23, 2021
Picture of ferro molybdenum
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