Molybdenum market quotation in China: ferro molybdenum, molybdenum powder and molybdenum oxide prices reduced slightly in the week began on Monday January 25, 2021 under many instabilities in the market.
Now both buyers and sellers are not active in trading and thus transactions are limited. However, with the support of production costs, sellers are not likely to reduce product price. in the short term, insiders will mainly focus on the new carbide rods suppliers steel tenders as well as constrained transportation’s influence to the market.
According to data from the China Iron and Steel Association, in mid-January 2021, the average daily crude steel output of key steel enterprises was 2.2181 million tons, an increase of 22,500 tons from the previous month, an increase of 1.02%, and an increase of 12.31% year-on-year. In mid-January 2021, the steel inventory of key steel companies was 14.0431 million tons, an increase of 1.016 million tons from the previous month, an increase of 7.8%; an increase of 3.2401 million tons, an increase of 29.99%, compared with the same period last year.
Prices of molybdenum products on January 25, 2021
Picture of molybdenum block
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