Molybdenum News Center

Molybdenum Oxide Price - April 25, 2022

Molybdenum market quotation in China: ferro molybdenum, molybdenum oxide and power prices are unchanged from last week at the beginning of the week. With supply and demand relatively balanced, the atmosphere of negotiation between buyers and sellers is a bit stalemate, resulting in few new orders and uncertain market outlook. At present, industry players are focusing on the volume and price of the new round of steel bidding.

In the molybdenum concentrate market, the overall activity is low, mainly due to the fact that suppliers are generally reluctant to sell and keep prices high, and many ferromolybdenum merchants are less willing to cover their positions; in the ferromolybdenum market, the market is generally average, although the number of new recruits is higher than that in April, the price of ferromolybdenum decreased significantly in the first half of the year. But supported by the difficulty of obtaining low-priced sources and the large number of orders from intermediate smelting enterprises in the early stage, the transaction price of ferro-molybdenum was temporarily stable at about 188,000 yuan/ton; in the market of molybdenum chemical industry and its products, product prices are mainly affected by supply and demand. In the absence of obvious fluctuations in the spot market, traders basically maintain rigid transactions.

In terms of news: According to the monitoring of the Iron and Steel Association, the China Steel Price Index (CSPI) at the end of March was 138.85 points, an increase of 2.91 points or 2.14% month-on-month, 0.08 percentage points lower than that of the previous month; an increase of 2.57 points or 1.89% year-on-year.

Prices of molybdenum products on April 25, 2022

Picture of molybdenum crucible 

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