China Ferro Molybdenum Price - January 14, 2022

molybdenum cube image This week, China’s domestic molybdenum market has shown a steady upward trend as a whole. Against the background of obvious imbalance between supply and demand, buyers and sellers are generally in a good mood, that is, suppliers have a strong willingness to take profits, and buyers are still motivated to inquire and receive goods.

In the molybdenum concentrate market, the overall bullish sentiment is strong. Factors such as the Spring Festival approaching the strengthening of environmental protection efforts and the rebound of the epidemic in many places have led to the limited production of molybdenum enterprises. Coupled with the increase in downstream demand, the supply of molybdenum concentrate is even more tight, so the transaction price rose to about 2,440 yuan/mtu.

In the ferromolybdenum market, the fundamentals are relatively optimistic, and the price of raw materials has risen significantly, which has compressed the profit space of intermediate smelting enterprises. However, in order to avoid the risk of inversion, ferro molybdenum price has also risen. The city atmosphere is more active.

In the market of molybdenum chemical industry and its products, the transaction needs to be followed up. Driven by the increase in the price of molybdenum raw materials at home and abroad, the quotation of the holder has also increased slightly, but the follow-up of real orders is limited. The current prices of ammonium heptamolybdate and molybdenum powder are around 162,000 yuan/ton and 310 yuan/kg, respectively.

News: In the first ten days of January, the social inventory of 5 major types of steel products in 21 cities was 7.93 million tons, an increase of 50,000 tons or 0.6% month-on-month. The inventory rebounded slightly for the first time after a continuous decline; it decreased by 20,000 tons or 0.3% over the same period of the previous year. %. In terms of different regions, Northwest China increased by 50,000 tons, up 11.4%; Southwest increased by 50,000 tons, up 3.9%; North China increased by 20,000 tons, up 2.7%; East China increased by 20,000 tons, up 1.1%; Northeast increased by 10,000 tons, up 3.4%; South China decreased by 60,000 tons, down 2.5%; Central China decreased by 40,000 tons, down 4.4%.

Prices of molybdenum products on January 14, 2022

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Picture of molybdenum cube 

molybdenum cube image

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