Molybdenum News Center

Molybdenum Powder Price - December 23, 2021

Molybdenum market quotation in China: molybdenum powder, oxide and concentrate prices maintain stability on December 23, 2021 when suppliers have strong rised mentality and the price and quantity of steel tenders meet market expectations. 

In the molybdenum concentrate market, supply and demand are relatively balanced. Affected by factors such as high environmental protection pressure, the advent of cold waves, tight coal and electricity supply, and the rebound of the epidemic, some molybdenum mining companies have had difficulties in production. The spot inventory is less, but the downstream users have a general sentiment for receiving the goods.

In the ferromolybdenum market, the market is fair. Although low-priced sources are difficult to obtain and the crude steel production limit policy still exists, due to the approaching holidays and the upcoming month change, some steel companies are still willing to enter the market for bidding, and the bidding price is acceptable. At present, the focus of the industry is on the situation of steel recruitment in the next week.

In the molybdenum chemical industry and its products market, the overall operation is maintained sideways. Supported by strong raw material prices, the willingness of holders to make price is generally low. However, the rigid demand situation of end customers is difficult to change and the international molybdenum market is tepid, so the transaction needs to be improved.

In the news: World Steel Association data shows that in November 2021, global crude steel production decreased by 9.9% year-on-year to 143.3 million tons, a month-on-month decrease of 2.7 million tons, and an average daily output increased by 67,000 tons. Among them, China’s crude steel output in November was 69.3 million tons, a decrease of 22% year-on-year.

Prices of molybdenum products on December 23, 2021

Picture of molybdenum powder

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