China molybdenum price was stable in the week ended on Friday March 19, 2021 owing to weak market demand and low prices of steel tenders. Most insiders remain low buying appetite with low trading concluded in the market.

In the molybdenum concentrate market, the price of raw materials was firm due to the support of limited raw material inventories; the ferro-molybdenum market was under pressure. Although steel mills were active in restocking, ferro molybdenum sellers tungsten carbide sheet kept cautious because of low tender prices and high raw material prices. As for the molybdenum chemical and its products market, on-site transactions were not very high, and the demand from end customers was weak. In order to avoid the problem of price inversion, holders have a strong sense of reluctance to sell.

In the news: In February, steel prices in the domestic market turned from falling to rising, according to the monitoring of the Iron and Steel Association, at the end of February, the China Steel Price Index (CSPI) was 131.36 points, a month-on-month rise from a decline, an increase of 8.33 points from the end of January, an increase of 6.77%; a year-on-year increase of 30.97 points, an increase of 30.85%.

Prices of molybdenum products on March 19, 2021

Picture of molybdenum crucible

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