Molybdenum News Center

China Molybdenum Price - January 7, 2022

China molybdenum price kept stable and firm in the first trading week in the year of 2022 began on Tuesday January 4 when suppliers have strong rised mentality and steel tenders became active. 

From the perspective of positive factors, firstly, in order to welcome the Spring Festival and Winter Olympics, stricter environmental protection policies, and the tight epidemic situation in many places such as Xi'an and Henan have caused some molybdenum production companies to stop production and reduce production, so molybdenum concentrate and ferromolybdenum spot stocks are low, which is conducive to suppliers' quotations; secondly, steel mills worry about the slowdown in logistics and transportation before the Spring Festival. In order to ensure the normal production and operation of enterprises during the Spring Festival, many steel companies implement procurement plans in advance.

From the point of view of negative factors, firstly, the current price of molybdenum products is not low, coupled with the approaching new year, many companies have less liquidity, which largely hinders the increase in orders and the increase in product prices; secondly, the peak of carbon In the context of carbon neutrality, the crude steel production limit policy still exists, which is not conducive to a sharp increase in the steel recruitment market.

In the news: In late December 2021, the social stocks of five major types of steel in 20 cities were 7.76 million tons, a decrease of 80,000 tons from the previous month, a decrease of 1.0%; a decrease of 890,000 tons, a decrease of 10.3%, from the end of November; an increase of 460,000 from the beginning of the year Tons, an increase of 6.3%ₒIn terms of regions, southwestern China decreased by 120,000 tons from the previous month, a decrease of 8.6%; Eastern China decreased by 120,000 tons, a decrease of 6.3%; Central China decreased by 60,000 tons, a decrease of 6.2%; South China increased by 200,000 tons, an increase of 9.0 %; North China increased by 20,000 tons, an increase of 2.8%; Northwest and Northeast inventories were flat month-on-month.

Prices of molybdenum products on January 7, 2022

Picture of molybdenum bar 

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