Molybdenum News Center

China Molybdenum Price Kept Firm in April 2022

China molybdenum price kept firm in April 2022 on the whole, according to Chinatungsten Online. Specifically, the transaction volume and price of molybdenum market increased in the first half of April. 

The main reasons are as follows: first, the epidemic situation and rainy weather in Jilin, Liaoning, Henan and other places have been intensified, resulting in limited production of some molybdenum production enterprises; second, after the Qingming Festival In the first week, downstream users had a high willingness to enter the market for inquiries and purchases; third, supported by the relatively high level of many auxiliary materials, molybdenum chemical companies basically maintained firm quotations. In the middle and late April, the molybdenum market showed a pattern of high fluctuation and adjustment, and the transactions were average, mainly due to the tight supply of molybdenum concentrate and the reduction of steel demand.

In April 2022, the average price of 40%-50% molybdenum concentrate was 2,846 yuan/mut, a month-on-month decrease of about 8.30% and a year-on-year increase of about 67.41%; the average price of ferromolybdenum was 186,842 yuan/ton, a month-on-month decrease of about 4.89% , an increase of about 61.14% year-on-year; the average price of molybdenum oxide was 2,942 yuan/ton, a month-on-month decrease of about 7.81% and a year-on-year increase of about 50.94%; the average price of sodium molybdate was 131,579 yuan/ton, a month-on-month decrease of about 9.90%; the average price of ammonium tetramolybdate was 185,526 yuan/ton, down about 9.11% month-on-month and up 55.02% year-on-year; the average price of ammonium heptamolybdate was 181,526 yuan/ton, down about 8.90% month-on-month and up about 53.21% year-on-year; the average price of molybdenum powder was 351 yuan/kg, a decrease of about 8.33% month-on-month and a year-on-year increase of about 48.73%; the average price of molybdenum bars was 366 yuan/kg, a month-on-month decrease of about 7.02%, a year-on-year increase of about 46.40%. 

In April 2022, the highest price of 40%-50% molybdenum concentrate is about 2,920 yuan/mtu, and the lowest price is about 2,730 yuan/mut; the highest price of ferromolybdenum is about 192,000 yuan/ton, and the lowest price is about 180,000 yuan/ton; the highest price of molybdenum powder is about 355 yuan/kg, and the lowest price is about 335 yuan/kg.

Prices of molybdenum products on April 29, 2022

Picture of molybdenum powder

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