Ferro Molybdenum Price - December 22, 2021

ferro molybdenum image China’s ferro molybdenum, molybdenum concentrate and oxide prices edge higher on December 22, 2021. In the context of low raw material inventories and acceptable steel tender prices, many suppliers are reluctant to sell and have a strong rised sentiment. Most insiders have greater expectations for the market outlook.

From the supply side, firstly, in order to welcome the arrival of the New Year's Day and the Winter Olympics, increased environmental protection efforts, and the upgrade of epidemic prevention and control measures in some areas, are the main reasons for the production restriction of molybdenum mining enterprises; secondly, affected by the Omi Keron mutant strain, some overseas molybdenum raw material manufacturers have been forced to cut production and stop production, and international logistics and transportation have been delayed, which have greatly affected the import volume of molybdenum products in my country. 

In November 2021, China imported 3,001 tons of molybdenum, a decrease of 20.66% from the previous month; among them, 400 tons of molybdenum oxide was imported, a decrease of 25.98% from the previous month; the import of molybdenum concentrate was 2,199 tons, a decrease of 25.41% from the previous month.

From the demand side, firstly, in the context of global carbon neutrality, the development prospects of emerging markets are good, which has stimulated the demand for molybdenum products to a certain extent; secondly, in order to ensure that enterprises can operate normally during holidays, many steel companies Entering the market in advance to bid for ferromolybdenum is the main reason for the continuous heating up of the molybdenum market.

News: According to the Iron and Steel Association, at the end of November, the China Steel Price Index (CSPI) was 133.63 points, a decrease of 16.01 points from the end of October, a decrease of 10.70%, and an increase of 5.59 percentage points from the previous month; compared with the same period last year An increase of 20.57 points, an increase of 18.19%.

Prices of molybdenum products on December 22, 2021

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Picture of ferro molybdenum

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