On account of rising raw material prices, the prices of China’s 316L and duplex stainless steel finished products increased, and the market is becoming more bullish.

The spot supply of molybdenum concentrate was tight at the end of July, with a price exceeding CNY 4,000/ton of metal contained. After entering August, the price of 45-50% molybdenum concentrate s

On August 10, there was a large number of deals of international molybdenum oxide and imported molybdenum concentrates, and the short-term market will be bullish, with relatively firm offers.

Supported by costs and a tight supply of spot sources, the price of steel products containing molybdenum will increase with different extensions. It was expected that the price of 316L and duplex stainless steel will continue to fluctuate and move weakly in the future.