Molybdenum News Center

China Molybdenum Price - July 18, 2022

At the beginning of the week, China molybdenum price remains stable on the whole, which was mainly reflected in the weak demand from downstream users, the willingness of many suppliers to sell at lower prices and the fact that the actual transactions were relatively small. 

However, due to the support of production costs and the limited release of domestic molybdenum production enterprises, the room for price concessions by holders of goods has narrowed.

According to Chinatungsten Online, the main reason for the lack of market demand is that steel companies still have a large inventory of ferromolybdenum and the molybdenum export market is difficult to heat up; the main reason for the slight drop in the price of molybdenum products is that buyers are generally less motivated to receive goods. And the international import of molybdenum raw materials increased.

In terms of news: Customs data shows that in the first half of 2022, my country exported 33.461 million tons of finished steel products, a year-on-year decrease of 10.5%; the average export price was 9,255 yuan/ton, a year-on-year increase of 44.8%. Among them, my country's export volume of finished steel products in June was 7.557 million tons, down 2.6% month-on-month and up 17.0% year-on-year; the average export price was 10,251 yuan/ton, up 16.1% month-on-month and 24.0% year-on-year.

Prices of molybdenum products on July 18, 2022

Picture of molybdenum sheet 

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