Molybdenum Powder Price - November 15, 2021

At the beginning of the week, the prices of molybdenum powder, ferro molybdenum and molybdenum concentrate prices continue the weakness when the market is quiet with low trading activity. 

Under the influence of factors such as the low enthusiasm of downstream users to receive goods, the heavy psychological pressure of steel companies, the strong sense of profit settlement of molybdenum mining companies, and the difficulty of liquidity turnover, suppliers are relatively passive. 

However, due to the long period of time for the price decline and the price approaching the cost line, mainstream molybdenum chemical companies have strong confidence in price support, and it is expected that there is little room for the next decline in the price of molybdenum products.

"Hebei Province's 2021-2022 Heating Season Iron and Steel Industry Staggered Production Work Plan" specifies that steel smelting enterprises in Hebei Province (including central enterprises and Tianjin enterprises) will be issued from November 15, 2021 to March 15, 2022 , Implement staggered production in Shijiazhuang, Tangshan, Handan, Xingtai, Cangzhou, Xinji City, Chengde, Zhangjiakou and Qinhuangdao.

Prices of molybdenum products on November 15, 2021

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Picture of molybdenum parts 

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