Molybdenum News Center

Sodium Molybdate Price - May 25, 2022

China molybdenum price was in the downward trend on May 25, 2022, including ferro molybdenum, sodium molybdate, ammonium heptamolvbdate and molybdenum powder. Market trading is limited and insides lack of confidence to the market outlook.

In the molybdenum concentrate market, product prices are approaching RMB 2,700/tonne. In the context of the COVID-19 outbreak, the onset of monkeypox virus, and the high risk of external geopolitics, weak demand from downstream users has led to a general reduction in supplier quotations. Supported by production costs, there is limited room for product price declines.

In the ferromolybdenum market, although there are still steel companies willing to bid for ferromolybdenum, the intermediate smelting enterprises are faced with a greater risk of upside-down due to the insignificant bidding price and the difficulty in obtaining low-priced goods.

In the market of molybdenum chemical industry and its products, the overall operation is weak and stable, and product prices are mainly affected by the relationship between supply and demand. Under the condition that end customers basically maintain just-in-demand procurement and the spot inventory of molybdenum chemical products is not much, the product price is adjusted within a reasonable range.

In terms of news: China Iron and Steel Association data show that in mid-May, the social inventory of 5 major types of steel in 21 cities was 12.08 million tons, down 3.0% from the previous month, up 53.3% from the beginning of the year, and up 0.2% from the same period last year. In terms of regions, inventory in Northeast China decreased by 13.5% month-on-month, South China decreased by 3.3%, Northwest China decreased by 7.6%, East China decreased by 2.1%, Central China decreased by 3.5%, Southwest China decreased by 0.6%, and North China increased by 4.7%.

Prices of molybdenum products on May 25, 2022

Picture of molybdenum powder

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