Molybdenum News Center

Sodium Molybdate Price - June 29, 2022

Molybdenum market quotation in China: sodium molybdate, molybdenum powder and ammonium molybdate prices remains stable on June 29, 2022 under the both weakness in the demand and supply sides.

In the molybdenum concentrate market, the market is weak and stalemate. Under the influence of the low heat of the steel market, downstream users have less demand. However, supported by the production cost and the low spot inventory in the market, most suppliers are less aware of price concessions.

In the ferro-molybdenum market, the overall operation is stable. Although the speed of steel companies entering the market for bidding for ferro-molybdenum has slowed down significantly compared with the mid-term, the price of steel bidding is still considerable and the low-priced supply is difficult to obtain, which has largely supported the firmness of the holders. Quote confidence.

In the market of molybdenum chemical industry and its products, the overall wait-and-see mood is high, and product prices are mainly affected by the relationship between supply and demand. Under the circumstance that upstream merchants are less willing to sell at low prices and end customers have insufficient spending power, it is relatively difficult to update the price of molybdenum chemical products.

In terms of news: data from the China Iron and Steel Association shows that from January to May 2022, the total amount of water used by member manufacturers was 37.074 billion cubic meters, a year-on-year decrease of 1.86%. Among them, the reuse rate of water was 98.10%, an increase of 0.08 percentage points year-on-year; the consumption of new water per ton of steel was 2.39 cubic meters per ton, an increase of 1.69%; the production of steel slag was 36.3086 million tons, a decrease of 8.48%; the production of blast furnace slag was 93.5608 million tons, a decrease of 8.48%. 7.33%; steel slag utilization rate was 98.48%, down 0.49 percentage points year-on-year; blast furnace slag utilization rate was 98.87%, down 0.24 percentage points year-on-year.

Prices of molybdenum products on June 29, 2022

Picture of molybdenum wire 

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