Molybdenum News Center

China Molybdenum Price - Feb. 21, 2022

At the beginning of the week, China molybdenum price remained stable on the whole. Although many steel companies' willingness to enter the market for bidding was lower than that of the previous week or two, they were supported by a small inventory of raw materials and production costs. Suppliers have basically kept their prices firm. 

In addition, the rebound of international molybdenum prices has also boosted the confidence of the domestic molybdenum market. The industry expects that the domestic molybdenum market may be in a stable state before the new round of steel recruitment activities.

In terms of news: In December 2021, Vietnam imported 909,600 tons of various steel products and the import value was 1.03 billion US dollars, an increase of 10% and 12.2% respectively from the previous month. In 2021, Vietnam will import a total of 12.3 million tons of various types of steel and an import value of US$11.52 billion, a year-on-year decrease of 7% and an increase of 42.8% respectively. Imported steel from China is the largest, accounting for 40.3% of the total and 38% of the total, accumulatively reaching 5 million tons and 4.38 billion US dollars.

Prices of molybdenum products on Feb. 21, 2022

Picture of molybdenum powder

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