China Molybdenum Price - April 9, 2021

China molybdenum price mainly remained stable in the week ended on Friday April 9, 2021 supported by active steel tenders and international moly price shifting from decline to stabilize. 

In the molybdenum concentrate market, the buying and selling activity seemed goods. As downstream users’ enthusiasm for restocking increased, the negative sentiment of molybdenum companies had also dissipated and the willingness to ship goods had increased. In the ferro-molybdenum market, the fundamentals were good, and steel companies have entered the market for bidding. The willingness of many raw material suppliers to release goods was the main reason for the stable mentality of ferromolybdenum merchants.

In the market of molybdenum chemicals and its products, market prices were mainly affected by the relationship between supply and demand. Under the rigid demand of end customers and the high awareness of the holders of reluctance to sell, it was difficult for the transaction volume to increase significantly, but the industry still has greater confidence in the market outlook.

In the news: Statistics from the Indian Stainless Steel Development Association (ISSDA) show that in 2020, India’s stainless steel crude steel production totaled 3.17 million tons, down about 19% from the 3.93 million tons in 2019.

Prices of molybdenum products on April 9, 2021

Picture of molybdenum powder

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