Molybdenum market quotation in China: molybdenum oxide, molybdenum powder and ferro molybdenum prices remains unchanged on Monday March 08, 2021 under weak supply and demand sides.

Market trading seems quiet and orders are rarely concluded, but with the support of high production cost, sellers are reluctant to reduce prices. Now ferro molybdenum manufacturers face pressure of price inversion affected by high molybdenum concentrate price and low trading activity in the steel tender market. The short-term market remains unclear.

In the news: He Wenbo, executive chairman of the China Iron and Steel Association, pointed out that the primary task of the steel industry is to ensure supply, play a good role in the regulation of import and export markets, and appropriately increase imports of primary solid carbide rods products such as steel billets to meet domestic steel demand. It is in line with China's "double cycle" development pattern and the orientation of expanding opening up.

Prices of molybdenum products on March 8, 2021

Picture of TZM rod

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