Prices of molybdenum powder, ferro molybdenum and molybdenum concentrate declined slightly on March 29, 2021 with the impact of declined international price and lower-than-expected steel tenders.

Molybdenum chemical companies delay their purchasing plans and thus new increased orders are limited in the market. with the support of production costs, suppliers are not will to reduce prices. in the short term, the market is not likely to rebound.

The World Bank said that China’s economy is expected to grow by 8.1% this year, driving the economic growth of the entire East Asia and Pacific region by 7.4%, far exceeding last year’s 1.2%. In East Asia and the Pacific, excluding China, economic growth this year is expected to reach 4.4%, which is a significant improvement from last year's contraction of 3.7%, but still far below the long-term average. The World Bank predicts that Vietnam’s economy will grow by 6.6% this year, tungsten carbide weight surpassing last year’s 2.9%.

Prices of molybdenum products on March 29, 2021

Picture of molybdenum powder

Follow our WeChat to know the latest molybdenum price, information and market analysis.

Posted by: arthuredwi at 08:51 AM | No Comments | Add Comment
Post contains 189 words, total size 2 kb.