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China Ferro Molybdenum Price - March 4, 2021

Molybdenum market quotation in China: molybdenum concentrate price is about 1,740.00 yuan/ton, ferro molybdenum price is 118,000 yuan/ton and moly oxide price is 1,840.00 yuan/ton. 

Under the situation that the international molybdenum price is adjusted sideways and the new round of tendering activities for steel mills has not yet begun, molybdenum chemical companies are relatively weak in raising prices, and supported by production costs, the willingness to sell at lower prices is also low. Therefore, new orders are limited. Insiders expressed that the market may continue to be in a stalemate in the short term.

In the news: In late February, the social inventory of five major steel products in 20 cities was 16.95 million tons, an increase of 2.16 million tons (14.6%) from the previous month; an increase of 7.22 million tons (74.2%) from the end of January; an increase of 9.65 million tons (132.2%) from the beginning of the year; a decrease of 2.1 million tons (11.0%) from the same period last year.

Prices of molybdenum products on March 4, 2021

Picture of ferro molybdenum

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