Molybdenum News Center

China Molybdenum Price - May 23, 2022

At the beginning of the week, China molybdenum price continued to be weak as last week. Affected by the weak downstream demand and its high price pressure sentiment, many molybdenum mining companies had little confidence in firm quotations. 

However, supported by production costs, limited increase in the supply of molybdenum raw materials and a high probability of a recovery in the manufacturing industry in the future, there is limited room for stockholders to make profits. 

In terms of news: China Iron and Steel Association data show that from January to April 2022, China's key statistical enterprises produced 22.14 million tons, 64.23 million tons and 26.03 million tons of medium and heavy plate rolling mills, hot tandem rolling mills and cold tandem rolling mills, respectively, down 4.3% year-on-year. %, up 0.1% and 2.0%. Among them, in April, 5.96 million tons, 16.79 million tons and 6.54 million tons of medium and heavy plate rolling mills, hot tandem rolling mills and cold tandem rolling mills were produced respectively.

Prices of molybdenum products on May 23, 2022

Picture of molybdenum block 

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