Molybdenum market quotation in China: ferro molybdenum, molybdenum oxide and molybdenum powder prices maintain stability in the first trading day on February 1, 2021 with the approaching of Spring Festival.

At present, some molybdenum chemical companies have entered the holiday state ahead of schedule, but due to production costs and the support of some companies maintaining just-needed purchases, suppliers are basically less willing to reduce price, and the market may maintain a narrow consolidation pattern in the short term.

China’s steel industry PMI was 44.3% in January, a decrease of 1.5 percentage points from the previous month, and the operation of the steel industry declined slightly, according to the data released by the China IOT Iron and Steel Logistics Professional cemented carbide blade Committee. The sub-indices showed that the domestic steel new order index was 35.0%, a month-on-month decrease of 7.0%; while the steel new export order index was 55.2%, a month-on-month increase of 0.8%.

Prices of molybdenum products on February 1, 2021

Picture of molybdenum powder

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