Molybdenum News Center

China Sodium Molybdate Price - July 20, 2022

China molybdenum market is still weak on July 20, 2022. Under the influence of both the drop in the price and quantity of steel tenders and the continuous decline in the international price of molybdenum, many stockholders have little confidence in stabilizing the price. 

The prices of molybdenum concentrate and ferromolybdenum have dropped slightly to 2,650 yuan/kg and 173,00 yuan/ton, respectively. Sodium molybdate price also declines. 

In the molybdenum concentrate market, the overall wait-and-see atmosphere is strong. Although the demand of ferro-molybdenum merchants has decreased and the import volume of international molybdenum raw materials has increased to a large extent, the market warming has been suppressed to a large extent. However, with the increase in temperature and natural disasters, many domestic molybdenum Manufacturers' output has declined, which is conducive to the holder's firm offer.

In the ferro-molybdenum market, the atmosphere of on-site purchases and sales was sluggish, and the speed of steel companies entering the market for bidding for ferro-molybdenum slowed down and the bidding price was average, resulting in a weak rise in ferro-molybdenum prices. There is relief.

In the market of molybdenum chemical industry and its products, there has been no significant change in the market conditions, and product prices are mainly affected by the relationship between supply and demand. Under the background that the rigid demand situation of end customers is difficult to change and the upstream market has insufficient confidence in price stability, suppliers basically maintain a rational price reduction.

Prices of molybdenum products on July 20, 2022

Picture of molybdenum boat 

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