Molybdenum market quotation in China: molybdenum powder, molybdenum oxide and ferro molybdenum prices are unchanged from the previous trading day on March 17, 2021 when the market shows a deadlocked situation.
Trading in the molybdenum concentrate market is tepid. Although ferro molybdenum market is quiet, most smelting factories purchase the quantity of what they actually need in order to operate production normally. With the support of production cost, moly companies are not likely to reduce product offers.
The ferro molybdenum market is under pressure because the tender prices are relatively low while upstream businesses still keep firm offers. The short-term ferro molybdenum price will not change sharply. As for the molybdenum chemical and product market, it is quiet tungsten carbide burrs under current market condition.
Prices of molybdenum products on March 17, 2021
Picture of ferro molybdenum
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