Molybdenum News Center

Molybdenum Powder Price - December 6, 2021

At the beginning of the week, the prices of ferro molybdenum, molybdenum powder and oxide prices edge higher. Under the influence of factors such as the difficulty of increasing raw material supply, downstream demand and the continuous introduction of favorable policies, the mentality of traders generally improved and the enthusiasm for entering the market was relatively high.

According to Chinatungsten Online, the main reasons for the difficulty in raw material mining are lower temperature and increased environmental protection efforts; the main reason for the increase in the initiative of downstream users to receive goods is that the current prices of many molybdenum products are still low and most steel mills have inventories Low, it is difficult to maintain the normal production of the subsequent enterprise.

In the news: In late November, the social stocks of five major types of steel in 20 cities were 8.65 million tons, a month-on-month decrease of 380,000 tons, or 4.2%; a decrease of 1.04 million tons or 10.7% from the end of October; an increase of 1.35 million tons from the beginning of the year. An increase of 18.5%; an increase of 280,000 tons over the same period last year, an increase of 3.3%. In terms of different regions, Eastern China decreased by 100,000 tons from the previous month, a decrease of 4.4%; Northwest China decreased by 80,000 tons, a decrease of 16.3%; Central China decreased by 60,000 tons, a decrease of 4.7%; North China decreased by 50,000 tons.

Prices of molybdenum products on December 6, 2021

Picture of molybdenum powder

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