Ferro Molybdenum Price - September 27, 2021

At the beginning of the week, China’s domestic molybdenum market was slightly weak. Affected by many uncertain factors, traders were obviously hesitant to enter the market, so the spot liquidity was not good, and the industry's views on the market outlook were quite different.

In the molybdenum concentrate market, the overall activity is not high, and downstream user demand is soft, resulting in fewer new orders, and the price of molybdenum concentrate has fallen; in the ferro molybdenum market, the overall market is in an awkward dilemma, and the price of raw materials is high. Under the contradiction between the operation and the bidding price of steel enterprises, the quotation of intermediate smelting enterprises is slightly difficult; in the market of molybdenum chemical industry and its products, on-site operation is flat, and product prices have not changed significantly in the state of weak supply and demand.

In the news: According to the statistics of the Steel Association, from January to August, member steel companies achieved a profit of 290.4 billion yuan, an increase of 1.5 times year-on-year; the average sales profit rate was 6.2%, an increase of 2.56 percentage points year-on-year; the asset-liability ratio at the end of August was 61.43%, year-on-year A drop of 1.68 percentage points, and a marked improvement in the asset-liability structure.

Prices of molybdenum products on September 27, 2021

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Picture of ferro molybdenum

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