Molybdenum News Center

China’s Domestic Tungsten Price - April 13, 2022

China’s domestic tungsten price is showing a steady upward trend as a whole in the middle of April. Factors such as the low stock of molybdenum raw materials, the increase in steel demand, and the unsmooth logistics and transportation have largely supported traders' confidence in entering the market, so the actual order growth rate is still high. In the short term, the market is expected to continue to maintain an active trading atmosphere.

In the molybdenum concentrate market, the transaction volume and price have both risen, the large amount of molybdenum concentrate shipped in the early stage, the recent production restrictions of molybdenum enterprises affected by the epidemic, and the enthusiasm of downstream users to receive goods are all reasons for the tight spot supply in the market recently. This has led to a sharp rise in raw material prices. In this context, the supplier's mentality of being out of pocket has also strengthened.

In the ferromolybdenum market, the fundamentals of supply and demand are relatively good. Under the circumstance that low-priced sources are difficult to obtain, steel companies are willing to enter the market to bid for ferromolybdenum and the bidding price is considerable, which greatly reduces the inversion risk faced by intermediate smelting enterprises. The current price of ferromolybdenum Has exceeded 190,000 yuan / ton.

In the molybdenum chemical industry and its products market, product prices rose passively. Under the influence of the sharp rise in raw material prices and the higher international molybdenum price than the domestic molybdenum price, molybdenum chemical companies raised their quotations rationally, but the demand from end customers was slow to follow up, resulting in the transaction volume. Not yet at the best level.

In terms of news: From January to March 2022, the national ex-factory price of industrial producers rose by 8.7% year-on-year, and the purchase price of industrial producers rose by 11.3%. Among them, the ex-factory price of industrial producers in March increased by 8.3% year-on-year and 1.1% month-on-month; the purchase price of industrial producers increased by 10.7% year-on-year and 1.3% month-on-month.

Prices of molybdenum products on April 13, 2022

Picture of molybdenum parts 

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