China Ferro Molybdenum Price - July 13, 2022

molybdenum boat photo The overall China’s domestic molybdenum market is stable and weak on July 13, 2022. Under the influence of many uncertain factors, although many steel companies are willing to enter the market to tender for ferromolybdenum, the tender price is low, which makes it difficult for molybdenum prices to rise.

In the molybdenum concentrate market, the focus of product prices has moved slightly downward. Affected by the high price pressure of downstream users and the slight drop in international molybdenum prices, suppliers' confidence in stabilizing prices is slightly insufficient, but the profit margin is limited, mainly because the spot inventory in the market is too high. Less and production cost support.

In the ferromolybdenum market, the overall popularity is acceptable. Steel companies have concentrated on bidding and some upstream merchants are willing to sell molybdenum concentrates at lower prices, which has largely reduced the risk of inversion faced by intermediate smelters. At present, the ferro molybdenum price is about RMB 174,000/ton.

In the market of molybdenum chemical industry and its products, the market is relatively stalemate, and product prices are mainly affected by the relationship between supply and demand. Under the influence of the general enthusiasm of end customers for inquiries and purchases and the low enthusiasm of raw material suppliers to actively ship products, the holders of goods basically maintained rational quotations.

In terms of news: According to the "Main Economic Benefit Indicators of Industries Above Designated Size in the Province in May 2022" released by the Hebei Provincial Bureau of Statistics, 168 enterprises in the ferrous metal smelting and rolling processing industry suffered losses, with a loss of 6.56 billion yuan, a year-on-year increase of 56.86 billion yuan. %. In addition, the crude steel output of Hebei Province from January to May was 90.589 million tons, a year-on-year decrease of 12.1%, of which May was 22.234 million tons, a year-on-year increase of 7.5%.

Prices of molybdenum products on July 13, 2022

ferro molybdenum price photo

Picture of molybdenum boat 

molybdenum boat photo

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