Molybdenum Powder Price - March 7, 2022

molybdenum bar image Molybdenum market quotation in China: ferro molybdenum and molybdenum concentrate prices increase slightly while molybdenum powder, bar and oxide prices edge lower at the beginning of the week. 

Affected by factors such as the limited release of molybdenum mining enterprises, increased quantity of ferromolybdenum for steel enterprises to enter the bidding process, the strong efforts to crack down on environmental protection during the Two Sessions, the continuous rise in international molybdenum prices, and the high risk of external geopolitical factors, suppliers generally have a strong sense of reluctance to sell and to support prices. The quotations of individual products rose slightly.

In terms of news: the shutdown of Ukrainian steel companies has a huge impact on the industry. Ukraine is the world's 13th largest steel producer and fifth largest iron ore exporter. It will produce 21.4 million tons of crude steel in 2021, about 80% of its steel output. for export. In 2021, Ukraine exported 44.4 million tons of iron ore products and imported 9.85 million tons of metallurgical coal and coke products. It raised 3.9 million tons of scrap, of which 616,000 tons were exported.

Prices of molybdenum products on March 7, 2022

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Picture of molybdenum bar 

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