Molybdenum News Center

Molybdenum Powder Price - April 20, 2022

China molybdenum market quotation: molybdenum concentrate and oxide prices decline slightly while molybdenum powder price remains unchanged on April 20, 2022 affected by low enthusiasm of traders.

According to Chinatungsten Online, the main reasons for the decrease in the transaction volume and price in the molybdenum market compared with last week are as follows: First, the price of molybdenum chemical products has risen sharply in a short period of time, which has subsequently increased the fear of heights among downstream users; second, the slowing down of the speed of ferromolybdenum steel companies entering the market for bidding and the psychological increase in price pressure have led to the decline of spot liquidity in the entire molybdenum market and the difficulty of rising molybdenum prices again.

On the other hand, due to the limited spot inventory of molybdenum raw materials and the support of production costs, suppliers have limited profit margins. At present, the industry is focusing on the volume and price of the new round of bidding for steel companies.

News: From April 18th to 19th, many places in Tangshan City, Hebei Province implemented the closure and control management. This closure and control management will affect 29 steel mills with smelting capacity, such as Guoyi Special Steel, Chunxing Special Steel, Donghai Steel, Donghai Special Steel, Rolling One Steel, Jiujiang Wire Rod, Jinxi Steel, Jingan Steel, Huaxi Steel, Delong Steel, etc.

Prices of molybdenum products on April 20, 2022

Picture of molybdenum rod 

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