Molybdenum News Center

China Molybdenum Price - Feb. 25, 2022

This week, China’s domestic molybdenum market was tepid on the whole. Affected by the weak supply and demand, the negotiation atmosphere between buyers and sellers was a little stalemate, mainly reflected in the difficult rise and fall of molybdenum price, the rigidity of transactions and the uncertain market outlook.

In the molybdenum concentrate market, the fundamentals are temporarily stable. Although the downstream demand has decreased, the mainstream molybdenum mining companies have generally maintained firm quotations, with the transaction price starting at 2,500 yuan/ton, supported by the low stock of raw materials and production costs.

In the ferro-molybdenum market, the overall situation is stable and weak. Low-priced raw materials are difficult to obtain and some steel companies are still willing to enter the market to bid for ferro-molybdenum. These are the main sources of power to support the confidence of intermediate smelting enterprises to stabilize prices. Merchants are still selling at a small price cut, and the current industry focus is on the new round of steel recruitment.

In the market of molybdenum chemical industry and its products, there is a situation where there is a price but no market. Driven by the rise in raw material prices in the past two weeks, the quotations of suppliers have also increased, which in turn enhances the fear of heights among end customers, resulting in few new orders.

In terms of news: in mid-February, the social inventory of 5 major types of steel products in 21 cities was 14.19 million tons, an increase of 1.83 million tons or 14.8% from the previous month, an increase of 80.1% from the beginning of the year, and a decrease of 7.2% from the same period last year. In terms of different regions, East China increased by 500,000 tons, up 18.2%; Central China increased by 390,000 tons, up 30.2%; Southwest China increased by 240,000 tons, up 11.4%; South China increased by 200,000 tons, up 5.9%; Northeast increased by 180,000 tons tons, up 37.5%; Northwest China increased by 160,000 tons, up 15.4%; North China increased by 160,000 tons, up 12.1%.

Prices of molybdenum products on Feb. 25, 2022

Picture of molybdenum alloy rod 

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