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China molybdenum price remained stable in the week ended on Friday March 05, 2021 as the market was in a stalemate.

In the molybdenum concentrate market, the overall activity has declined compared with last week, and downstream users were less active in receiving goods. This is the main reason why molybdenum companies' quotations were difficult to increase. However, due to the substantial increase in the previous period, the current raw material inventory was not very cemented carbide strips large.

The ferromolybdenum market was under pressure. When the last round of steel recruitment activities has just ended and the new round of steel recruitment activities has not yet begun, the market was low, and low-priced raw materials were difficult to obtain. Ferro-molybdenum merchants were cautious; in the molybdenum chemical industry and its products market, the buying and selling atmosphere was slightly deserted, and the end customers mainly purchased just-needed products. However, supported by the strong price of raw materials, suppliers still felt reluctant to sell at low prices.

Prices of molybdenum products on March 5, 2021

Picture of molybdenum electrode

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