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China molybdenum price is in the upward trend on February 20, 2021 after the holiday of Spring Festival. Driven by the continuous rise in international molybdenum price, domestic molybdenum chemical companies have strong rised tungsten carbide cutting tools mentality.

At present, molybdenum concentrate price is above RMB 110,000/ton, molybdenum oxide price is advancing towards RMB 1,660/ton. However, affected by the end of the Spring Festival holiday, Cemented Carbide Inserts traders' enthusiasm for entering the market has not yet reached the best state, so the atmosphere of buying and selling in the market is not good.

In the news: in January, factory prices for industrial producers nationwide rose 0.3% year-on-year and 1.0% month-on-month; purchasing prices for industrial producers rose 0.9% year-on-year and 1.4% month-on-month, according to data from the National Bureau of Statistics.

Prices of molybdenum products on February 20, 2021

Picture of molybdenum oxide

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