Ferro Molybdenum Price – June 10, 2021
- Category: tungsten‘s News
- Published on Thursday, 10 June 2021 18:32
China’s domestic molybdenum price shows a steady upward trend in early June, 2021. Under the continuous stimulation of many favorable factors, both the supply and demand sides are more enthusiastic to enter the market and transactions are increasing. In the short term, the market may continue the trend.
The molybdenum concentrate market is generally in short supply, and most molybdenum mining companies have no obvious sales pressure for the time being. This is mainly due to the rising international molybdenum price, the continuous increase in terminal demand, and the reduction of production capacity released by some mining companies. At present, the transaction price of some enterprises has exceeded 2,100 yuan/ton.
In the ferromolybdenum market, the fundamentals of supply and demand are good. In addition to the considerable bidding volume and price of downstream steel enterprises, which supports the confidence of holders in raising prices, the price of molybdenum concentrate has risen sharply, which is the source of motivation for the increase in the quotation of ferro molybdenum. The mainstream price of iron is around 143,000 yuan/ton.
In the molybdenum chemical and its products market, affected by the tight supply of some products and the sharp rise in the price of molybdenum raw materials, the focus of many suppliers' quotations has shifted upward. However, there are still companies that have suspended their quotations and are reluctant to sell.
Prices of molybdenum products on June 10, 2021
Picture of molybdenum electrode
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