China Molybdenum Market - March 11, 2021

China molybdenum market stabilizes in the middle of March under the deadlocked supply and demand. The whole market trading is bleak. In the short run, market price may continue current stability. 

The molybdenum concentrate market is in a stalemate. Moly mining companies are reluctant to reduce their offers despite downstream buyers’ demand could not meet market expectations, as they are supported by production cost. New orders are difficult to be increased in the ferro molybdenum market when buyers keep requiring for lower prices. As for the molybdenum chemical and product market, the fundamental is basically stable as buyers purchase the quantity of what they really need. The favorable factors in the market are limited.

Prices of molybdenum products on March 11, 2021

Picture of molybdenum crucible 

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