Molybdenum Concentrate Price - March 4, 2022

molybdenum powder image This week, China’s domestic molybdenum market has maintained a stable operation as a whole. Affected by factors such as the difficulty in increasing the supply of raw materials, the successive bidding of steel companies, inflation, the unstable situation in Russia and Ukraine, and the obstruction of international logistics and transportation, the market was in a stalemate. 

In the molybdenum concentrate market, fundamental support is getting stronger. In addition to the insufficient inventory of raw materials, factors such as increasing downstream demand, rebounding international molybdenum prices and increasing transportation costs are also the sources of energy that support suppliers' confidence in their quotations. The transaction price of molybdenum concentrate is around RMB 2,500/mtu.

In the ferromolybdenum market, the activity of on-site purchases and sales has increased. Under the background that low-priced sources are hard to find, at the beginning of the month, most steel companies were willing to enter the market for inquiries and purchases, which greatly enhanced the confidence of intermediate smelting companies to stabilize prices. Ferro molybdenum offers were firm at around RMB 168,000/t.

In the molybdenum chemical industry and its products market, the overall operation is stable, and the transaction is mainly based on rigid demand. The price of the product is mainly affected by the relationship between supply and demand. The current price of molybdenum powder and ammonium heptamolybdate is about 315 yuan/kg and 168,000 yuan/ton respectively.

In terms of news: In January 2022, the total water consumption of member production enterprises was 7.157 billion cubic meters, a year-on-year decrease of 4.80%; the water reuse rate was 98.12%, a year-on-year increase of 0.05 percentage points; new water consumption per ton of steel was 2.39 cubic meters per ton, The total amount of discharged wastewater decreased by 11.36% year-on-year, and the discharge of chemical oxygen demand, ammonia nitrogen, volatile phenol, total cyanide, suspended solids and petroleum in the discharged wastewater decreased by 18.12%, 1.76%, and 43.25% year-on-year respectively. %, 53.45%, 8.22% and 34.25%.

Prices of molybdenum products on March 4, 2022

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Picture of molybdenum powder

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