Molybdenum News Center

Ferro Molybdenum Price - June 15, 2022

China molybdenum market is relatively strong on June 15, 2022 as a whole. With the tight spot supply of molybdenum raw materials and the rising price of steel tenders, most suppliers are reluctant to sell and would like to raise prices.

The price of molybdenum concentrate has been raised to 2,680 yuan per mtu, and the price of ferro molybdenum exceeded 180,000 yuan per ton, which largely eased the pressure on intermediate smelters facing cost collapse.

Stimulated by the sharp upward shift in the price of molybdenum products, some holders have slightly increased their willingness to take profits, so the number of new orders is acceptable. Chinatungsten Online believes that the molybdenum market may continue to improve in the short term, mainly due to the slight increase in the difficulty of mining by molybdenum mining companies and the gradual resumption of production by downstream molybdenum manufacturers.

News: World Steel Association data show that in 2021, global crude steel production will be 1.952 billion tons, up 3.8% year-on-year. Among them, China's crude steel output was 1.033 billion tons, down 3% year-on-year; the EU was 152.575 million tons, an increase of 15.4%; Japan was 96.334 million tons, an increase of 15.8%; the United States was 85.791 million tons, an increase of 18%; Russia was 76.894 million tons, an increase of 5%; South Korea was 70.418 million tons, an increase of 5%; Turkey was 40.360 million tons, an increase of 12.7%; Canada was 12.976 million tons, an increase of 18.1%.

Prices of molybdenum products on June 15, 2022

Picture of molybdenum electrode 

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