Molybdenum News Center

Molybdenum Powder Price - January 6, 2022

Molybdenum market quotation in China: ferro molybdenum, molybdenum powder and bar prices continue to increase on January 6, 2022 as suppliers keep firm offers, boosting market confidence. Besides that, steel mills entered the market to bid for ferromolybdenum after the end of New Year's Day, which also greatly increased the market's trading enthusiasm.

In the molybdenum concentrate market, the fundamentals of supply and demand are good. Under the background that the original supply of molybdenum concentrate was not very sufficient, downstream users were enthusiastic about receiving goods, which prompted some molybdenum mining companies to increase their awareness of profitability.

In the ferro-molybdenum market, the market is getting better. After the new year, steel companies have concentrated on bidding and the bidding price is considerable, so that the ferro-molybdenum market broke the stalemate before the New Year's Day. There is limited room for price hikes.

In the molybdenum chemical and its products market, there has been no significant change in general. With the support of strong raw material prices, the willingness of holders to make profit is generally low, and end customers basically maintain rigid demand purchases, which is also beneficial to the healthy operation of the market.

In the news: according to the monthly marketing report, in November 2021, key steel companies sold 5,383,700 tons of steel, a year-on-year decrease of 26.69%; the daily sales of steel was 1,794,500 tons, and the daily sales increased by 5.06% from the previous month. Among them, domestic sales of steel products were 52,978,900 tons, a year-on-year decrease of 26.17%; direct exports of steel products were 854,800 tons, a year-on-year decrease of 49.0%. The steel production and sales ratio for the month was 100.18%, an increase of 3.33 percentage points month-on-month and a year-on-year decrease of 0.65 percentage points.

Prices of molybdenum products on January 6, 2022

Picture of molybdenum powder

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