Molybdenum Concentrate Price - September 22, 2021

China molybdenum price remained weak adjustment in the first trading day on September 22, 2021 after the holiday of Mid-Autumn Festival because most participants took a watchful stance. 

In the molybdenum concentrate market, supply and demand are both weak. Molybdenum mining companies have a strong sense of profitability, so it is difficult to raise the quotation. The current price of molybdenum concentrate is around 2,450 yuan/mtu. In the ferromolybdenum market, affected by the centralized maintenance of steel companies in September, the risk of upside down faced by ferromolybdenum businesses has increased. However, as the National Day approaches, the market activity of steel recruitment needs to be improved; the molybdenum chemical and its products market is quiet on the whole. End customers basically rely on just-needed stocking, and due to the support of production costs, suppliers are not willing to sharply cut prices.

Prices of molybdenum products on September 22, 2021

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Picture of molybdenum block 

molybdenum block image

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