China Molybdenum Price - April 6, 2022

molybdenum powder photo China molybdenum price maintains stability on April 6, 2022 after the holiday of QingMing Festival. In addition to the low spot inventory of molybdenum concentrate and the high price of bulk commodities, steel companies are willing to enter the market for bidding and the bidding price is acceptable, which also supports the molybdenum chemical industry to a large extent.

The firm's confidence in the quotations also was shored up. Therefore, it is unlikely that the price of molybdenum will drop sharply in the short term. 

The latest data from the China Federation of Logistics and Purchasing showed that the China Commodity Index (CBMI) in March was 100.9%, an increase of 0.1 percentage points from the previous month.

In terms of news: in late March, the social inventory of 5 major types of steel in 21 cities was 13.71 million tons, down 3.5% from the previous month; down 6.6% from late February; up 74.0% from the beginning of the year; down 17.7% from the same period last year. In terms of different regions, Northwest China decreased by 11.9% month-on-month, Central China decreased by 9.6%, Southwest China decreased by 5.2%, South China decreased by 2.9%, East China decreased by 2.6%, North China decreased by 3.0%, and Northeast China increased by 17.8%.

Prices of molybdenum products on April 6, 2022

China molybdenum price photo

Picture of molybdenum powder

molybdenum powder photo

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