Molybdenum Concentrate Price - September 23, 2021

Molybdenum market quotation in China: ferro molybdenum, molybdenum oxide and concentrate prices keep stable on September 23, 2021 when market demand fails to meet market expectation. With the approaching of National Day, steel mills are expected to be active in stocking up. 

From the supply side, the spot inventory of molybdenum products is not very large. Under the relatively high price of molybdenum concentrate, downstream users receive goods based on actual needs, so the spot position is not high. In addition, unabated environmental protection crackdowns and stricter energy consumption "dual control" policies will affect the production of molybdenum mining companies to a large extent, thereby reducing output.

From the demand side, firstly, due to the large number of bids for ferro-molybdenum by some steel companies in August and the centralized maintenance of steel mills in September, the market demand for ferro-molybdenum has been significantly weak recently; secondly, under the condition of tight funds, the passive receiving of goods by end customers will have a certain impact on the confidence of the molybdenum market.

News: According to the China Iron and Steel Association, at the end of August, China's steel price index rose to 151.07 points, a decrease of 2.41 points from the end of July, a decrease of 1.57%; compared with the same period of the previous year, an increase of 45.33 points, an increase of 42.87%.

Prices of molybdenum products on September 23, 2021

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Picture of molybdenum crucible 

molybdenum crucible image

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