Ferro Molybdenum Price - December 13, 2021

ferro molybdenum image At the beginning of the week, China’s domestic molybdenum prices fluctuated within a reasonable range as a whole. With the gradual increase in negative factors, buyers and sellers entered the market and wait-and-see sentiment increased, which hindered the general transaction and the price of molybdenum from rising again. 

The current prices of molybdenum concentrate and ferro molybdenum are separately about 2,240 yuan/mtu and 153,000 yuan/ton. According to Chinatungsten Online, some steel companies’ delayed purchase time and lower prices are the main reasons for the slowdown in order growth compared with last week. However, after the previous round of large shipments, molybdenum mining companies are under smaller inventory pressure.

In the news: In early December, the social stocks of five major types of steel in 20 cities were 8.27 million tons, a decrease of 380,000 tons from the previous month, a decrease of 4.4%; an increase of 970,000 tons from the beginning of the year, an increase of 13.3%, and an increase of 670,000 tons from the same period last year. 8.8%. From a regional perspective, Central China decreased by 110,000 tons compared with the previous month, a decrease of 9.1%; Southern China decreased by 90,000 tons, a decrease of 3.7%; East China decreased by 80,000 tons, a decrease of 3.5%; Northwest China decreased by 40,000 tons, a decrease of 10.1%; North China decreased by 4 10,000 tons, a decrease of 4.8%; the southwest decreased by 30,000 tons, a decrease of 1.8%; the northeast decreased by 10,000 tons, a decrease of 1.5%ₒ

Prices of molybdenum products on December 13, 2021

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Picture of ferro molybdenum

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