Ferro Molybdenum Price - August 30, 2021

Molybdenum market quotation in China: molybdenum powder, ferro molybdenum and molybdenum oxide prices remain stable in the week began on Monday, August 30, 2021. 

As the National Day is approaching, the production of many molybdenum mining enterprises will be affected, which in turn boosts the confidence of the holders to firm up their quotations, and also stimulates the desire of some steel companies to enter the market in advance for bidding. Therefore, the enthusiasm for the steel market in September may not be low.

In terms of news: from January to July, among 41 major industrial sectors, 36 industries increased their total profits year-on-year, 2 industries turned losses into profits, 1 industry remained flat, and 2 industries declined. Among them, the non-ferrous metal smelting and rolling processing industry increased by 2.00 times, the ferrous metal smelting and rolling processing industry increased by 1.82 times, the chemical raw materials and chemical products manufacturing industry increased by 1.62 times, the electrical machinery and equipment manufacturing industry increased by 30.2%, and the general equipment manufacturing industry increased by 30.2%. 25.7%, the non-metallic mineral products industry grew by 21.0%.

Prices of molybdenum products on August 30, 2021

Picture of ferro molybdenum

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