Molybdenum News Center

China’s Domestic Molybdenum Price - May 13, 2022

This week, China’s domestic molybdenum price showed a slight downward trend as a whole. Although the spot supply of molybdenum raw materials is not very loose, it is difficult to offset the damage to the entire molybdenum market caused by the decrease in downstream demand and the increase in price pressure sentiment, which is mainly reflected in the confidence of suppliers to stabilize prices. Insufficient and average transaction.

In the molybdenum concentrate market, there is an overall pattern of increasing volume and decreasing prices. Influenced by the surge in the price of molybdenum concentrate in the early stage, the heightened fear of heights among downstream users, and the slight decline in the popularity of the steel market, suppliers' quotations have been rationally lowered. , the enthusiasm of ferromolybdenum merchants to enter the market for inquiries and purchases has increased.

In the ferro-molybdenum market, the fundamentals of supply and demand are general. Steel companies have successively entered the market to bid for ferro-molybdenum and upstream merchants are willing to lower prices for shipments, which has greatly improved the liquidity of the ferro-molybdenum market. /t below.

In the market of molybdenum chemical industry and its products, there has been no significant change in the market conditions. Under the circumstance that the demand of end customers is general and the driving ability of the upstream market is limited, the price of molybdenum chemical products is adjusted within a reasonable range, and the holder of the goods observes the market changes in real time.

In terms of news: Customs data shows that from January to April 2022, my country exported 18.156 million tons of steel, a decrease of 7.492 million tons or 29.2% from the same period last year; among them, in April, my country exported 4.977 million tons of steel, an increase of 32,000 tons from the previous month. , basically the same as the previous month; the average price was 1431.3 US dollars / ton, an increase of 70.6 US dollars / ton month-on-month, an increase of 5.2%.

Prices of molybdenum products on May 13, 2022

Picture of molybdenum rod 

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