Molybdenum Concentrate Price – September 15, 2021

Molybdenum Concentrate Price – September 15, 2021

The overall market situation of China’s domestic molybdenum market is gradually improving on September 15, 2021. As steel companies successively entered the market for bidding, the wait-and-see sentiment of traders has dissipated, resulting in an increase in new orders.

In the molybdenum concentrate market, the fundamentals of supply and demand are good. Under the high price of molybdenum concentrate, downstream users are more motivated to receive goods, which has greatly stimulated the willingness of suppliers to sale. 

In the ferromolybdenum market, the mainstream price of products is around 163,000 yuan/ton. With the double festival atmosphere becoming more and more intense, in order to maintain the normal production and operation of the company in October, steel companies have entered the site one after another to stock up, superimposing the low-price supply to be difficult to obtain, and intermediate smelting companies are even firmer in their quotations. 

The molybdenum chemical and its products market is general, and most end customers still have a greater resistance to the supply of current prices. Supported by production costs and the good atmosphere of the upstream market, suppliers are generally weak in price reduction awareness.

News: In the first half of 2021, the 28 steel companies listed on the Shanghai and Shenzhen exchanges achieved total operating income of 1,147.245 billion yuan, an increase of 404.184 billion yuan or 54.39% year-on-year; operating costs were 991.255 billion yuan, an increase of 324.231 billion yuan year-on-year. An increase of 48.61%; the total profit was 98.654 billion yuan, an increase of 69.489 billion yuan year-on-year, an increase of 2.38 times.

Prices of molybdenum products on September 15, 2021

Picture of molybdenum cube 

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