Molybdenum Powder Price – August 25, 2021

Molybdenum Powder Price – August 25, 2021

Molybdenum market quotation in China: ferro molybdenum, molybdenum concentrate and molybdenum powder prices increase slightly on August 25, 2021. Affected by the short supply of raw materials, holders are willing to keep prices. However, as the price of raw materials rises, consumption is not followed up, some industry players say that the molybdenum market may maintain stability in the short term.

In the molybdenum concentrate market, the price of raw materials rises again, which significantly increased the profitability of mining enterprises, thereby enhancing the desire of mining enterprises to ship and reducing inventory again. 

In the ferromolybdenum market, the atmosphere in the market is active. In addition to upstream merchants willing to ship, most steel companies are still willing to enter the market for bidding, which is also a source of motivation to increase the confidence of traders. However, in the context of carbon neutrality, national steel production is restricted. Accelerated advancement and the expected increase in tariffs on stainless steel exports are expected to increase, which is not conducive to the increase in the price of ferromolybdenum. 

In the molybdenum chemical industry and its products market, there is still a lot of room for orders. Although the terminal demand is not as expected, it is supported by the strong price of raw materials and the molybdenum chemical companies have a low awareness of price reduction. Therefore, it is difficult to find low-priced sources of goods on the market.

According to data from the China Iron and Steel Association, in mid-August, the average daily crude steel output of key steel enterprises was 2,137,900 tons, an increase of 4.60% from the previous month and a decrease of 1.07% from the same period last year; %.

Prices of molybdenum products on August 25, 2021

Picture of molybdenum powder

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