Molybdenum Oxide Price - March 28, 2022

molybdenum concentrate photo At the beginning of the week, China’s domestic molybdenum market continued its stable operation as last week. Prices of ferro molybdenum, molybdenum oxide and powder maintain stability. 

Supported by factors such as low spot inventory of molybdenum concentrate, relatively full orders from ferromolybdenum manufacturers, high prices of auxiliary materials and unsmooth domestic and foreign logistics and transportation, suppliers’ quotations are basically kept firm. But the general sentiment of steel companies entering the market for ferromolybdenum bidding and the fear of high prices among end customers have led to a large increase in the number of transactions. 

In terms of news: in mid-March, the social inventory of 5 major types of steel in 21 cities was 14.21 million tons, down 2.2% from the previous month; an increase of 6.33 million tons or an increase of 80.3% over the beginning of the year; a decrease of 3.51 million tons over the same period of the previous year, a decrease of 19.8%. In terms of different regions, South China decreased by 5.5% month-on-month; Central China decreased by 9.3%; Southwest decreased by 3.6%; East China decreased by 2.0%; Northeast increased by 13.9%; North China increased by 3.1%; Northwest increased by 1.5%.

Prices of molybdenum products on March 28, 2022

molybdenum oxide price photo

Picture of molybdenum concentrate 

molybdenum concentrate photo

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