China Molybdenum Price - December 18, 2020

China molybdenum price edged higher in the week ended on Friday December 18, 2020 with the impact of tight supply and improved buying appetite. Now traders have strong rised mentality and the price is not likely to recue in the short term.

In the molybdenum concentrate market, market trading needs to be increased. Although the international molybdenum price is firm and the growth rate of raw material inventories has slowed down, due to the rigid demand of downstream users, it is difficult for molybdenum companies to raise their quotations significantly. 

In the ferromolybdenum market, trading activity is low. This is the main reason that holders face upside down risks. However, supported by production costs, the price of ferromolybdenum rose slightly. The total amount of ferromolybdenum tendered by steel companies in the second half of the year was quite different.

In the molybdenum chemical and its products market, the overall stability is maintained. In addition to the increase in raw material prices, which has a positive effect on the restoration of market confidence, the end of the year is approaching, and the end users' enthusiasm for stocking has also increased, which is a source of motivation for traders to increase prices.

Prices of molybdenum products on December 18, 2020

Picture of molybdenum block 

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