Molybdenum News Center

Molybdenum Concentrate Price - Feb. 23, 2022

China’s domestic molybdenum market remains quiet on the whole on Feb. 23, 2022. After a large-scale purchases and shipments in these two weeks, traders have slowed down their purchasing, and thus market price and orders show on increase. 

Currently, the prices of molybdenum concentrate and ferro molybdenum are around 2,500 yuan/mtu and 170,000 yuan/ton respectively.

From the perspective of supply, first, although the Lantern Festival and the Winter Olympics have ended and the environmental protection policy has been slightly relaxed, it is still difficult to increase the capacity of molybdenum concentrate, mainly due to the low temperature and frequent rainy days, which increase the difficulty factor of molybdenum mining enterprises; second, the stabilization of international molybdenum prices and the large transportation costs lead to limited imports of domestic molybdenum raw materials.

From the demand side, most steel companies and end customers still have a certain amount of molybdenum product inventory, so the enthusiasm for entering the market for inquiries and purchases has been slightly reduced recently. However, in the long run, emerging markets have good development prospects and can significantly increase the amount of molybdenum chemical products.

In terms of news: In early February 2022, key statistics iron and steel enterprises produced a total of 19.2349 million tons of crude steel, 17.1957 million tons of pig iron, and 18.1013 million tons of steel. Among them, the daily output of crude steel was 1.9235 million tons, down 4.47% from the previous month; the daily output of pig iron was 1.7196 million tons, down 1.48% from the previous month; the daily output of steel was 1.8101 million tons, down 6.52% from the previous month.

Prices of molybdenum products on Feb. 23, 2022

Picture of molybdenum concentrate 

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