Molybdenum Concentrate Price – July 15, 2021
- Category: tungsten‘s News
- Published on Friday, 16 July 2021 10:21
Molybdenum market quotation in China: ferro molybdenum, molybdenum concentrate and powder prices are in the upward trend on July 15, 2021 under the influence of relatively tight supply of raw materials and increased trading activity.
In the molybdenum concentrate market, the transaction volume and price have risen. With the increasing initiative of ferromolybdenum merchants to receive goods and the insufficient inventory of molybdenum concentrates, molybdenum mining companies have a good mentality and a strong sense of profitability.
In the ferro-molybdenum market, the overall activity is fair, and steel companies have entered the site for bidding, and the bidding prices are considerable, which is the main source of motivation for the firm quotations of intermediate smelting companies
In the molybdenum chemical industry and its products market, there is an overall lack of market value. Supported by strong bullish sentiment in the upstream market and limited positions in some products, holders have a low sense of profit concession, and the consumption power of end customers is also slightly insufficient.
In the terms of news: the latest data from the China Iron and Steel Association show that the average daily crude steel output of key steel companies in early July was 2,137,600 tons, a decrease of 5.56% from the previous month; steel stocks amounted to 14.05,300 tons, an increase of 291,200 tons over the previous ten days.
Prices of molybdenum products on July 15, 2021
Picture of molybdenum electrode
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