Molybdenum Concentrate Price – June 30, 2021
- Category: tungsten‘s News
- Published on Wednesday, 30 June 2021 19:26
Molybdenum market quotation in China: ferro molybdenum, molybdenum concentrate and oxide prices edge lower but still keep strong in the last trading day in June, 2021 affected by declined activity in international market as well as tepid steel tenders.
In the molybdenum concentrate market, the enthusiasm in the market is not high. Downstream user demand is weak and most holders are more profitable, which are the main reasons for the decline in the price of molybdenum concentrates. However, stricter environmental protection policies and the increase of maintenance molybdenum enterprises boost market confidence.
In the ferro-molybdenum market, shipments were not as good as expected. Upstream market's support ability was weakened and steel companies were not willing to enter the market for bidding, resulting in an increase in the coefficient of difficulty in digestion of ferro-molybdenum. However, supported by raw material prices, product prices did not drop much.
In the molybdenum chemical and its products market, the market is general, and product prices are mainly affected by the relationship between supply and demand. Although most end customers maintain cautious purchases, suppliers are also reluctant to sell.
Prices of molybdenum products on June 30, 2021
Picture of molybdenum rod
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