China Molybdenum Price - March 25, 2022

molybdenum rod photo China molybdenum price remained strong and stable in the week ended on Friday, March 25, 2022. Under the interweaving of many favorable and unfavorable factors, the price game between buyers and sellers has weakened slightly compared with last week, and the actual transaction volume has decreased. 

At present, the industry is focusing on steel tenders at the end of this month and at the beginning of April.

From the perspective of positive factors, on the one hand, due to the fact that the price of steel in the early stage is still acceptable and the molybdenum production enterprises have a strong sense of profit-taking, ferro-molybdenum and molybdenum concentrate are sold in large quantities, so the spot inventory of the stockholders is limited recently. It should be noted that affected by traffic jams, early orders may not be processed in time; on the other hand, due to the relatively tense epidemics and frequent rainy weather in many places such as Henan, Shaanxi, Liaoning, and Jilin, some molybdenum manufacturers have stopped work and production. The import volume of domestic molybdenum raw materials is limited, and it is even more difficult to increase the spot supply in the market.

From the perspective of negative factors, firstly, steel companies purchased a large amount of steel in the early stage, so there is still a certain amount of inventory, so there is no need to rush to fill up the warehouse, and the current price of molybdenum products is not low, and steel companies are more cautiously wait-and-see; secondly, last week Driven by the sharp rise in the price of molybdenum raw materials, the quotations of molybdenum chemical products have also been raised, which in turn aggravated the fear of heights among end customers, resulting in fewer inquiries.

In terms of news: In February 2022, the crude steel output of the 64 countries included in the statistics of the World Steel Association was 142.7 million tons, a year-on-year decrease of 5.7%. Among them, India's crude steel output was 10.1 million tons, an increase of 7.6% year-on-year; Japan was 7.3 million tons, a year-on-year decrease of 2.3%; the United States was 6.4 million tons, a year-on-year increase of 1.4%; Russia is estimated to be 5.8 million tons, a year-on-year decrease of 1.4% ; South Korea is estimated at 5.2 million tons, down 6.0% year-on-year; Germany is 3.2 million tons, up 3.8% year-on-year; Turkey is 3 million tons, down 3.3% year-on-year; Brazil is 2.7 million tons, down 6.9% year-on-year; Iran is  estimated 2.5 million tons, a year-on-year increase of 3.7%.

Prices of molybdenum products on March 25, 2022

China molybdenum price photo

Picture of molybdenum rod 

molybdenum rod photo

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