Molybdenum Bar Price – May 26, 2021
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- Category: tungsten‘s News
- Published on Thursday, 27 May 2021 18:48
Molybdenum market quotation in China: ferro molybdenum, molybdenum powder and molybdenum bar prices are unchanged from the previous trading day on May 26, 2021 on quiet market trading.
With the changes in the prices of commodities such as iron ore, crude oil, copper, and hot coils, the market has ushered in new challenges. Suppliers have gradually changed from the previous psychology of reluctance to sell to profit-making psychology, while buyers' consumption hesitation also increased, so the transaction was limited.
In the molybdenum concentrate market, there is no significant pressure on the market for the time being. This is mainly due to the strong demand from ferromolybdenum merchants in the early stage, coupled with environmental pressure, the production of molybdenum mining companies is limited.
The ferromolybdenum market is showing signs of weakening. Although some steel companies are still willing to enter the site for bidding, it is difficult to offset the pressure on traders caused by the high price of molybdenum concentrate. The current mainstream price of ferromolybdenum is about 128,000 yuan/ton.
In terms of molybdenum chemical industry and its products, the overall transaction enthusiasm is low, and it is difficult to reach an agreement between the supply and demand parties, so there are not many new orders concluded in the market.
Prices of molybdenum products on May 26, 2021
Picture of molybdenum plate
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