Molybdenum News Center

Molybdenum Powder Price - July 27, 2022

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and molybdenum powder prices edge lower on July 27, 2022 due to the deadlocked market, limited deals and weak consumption. 

According to Chinatungsten Online, after the sharp drop in the price of molybdenum raw materials in the past week or two, the desire of steel companies and end customers to purchase at bargain prices has increased. Not much output can greatly improve the confidence of suppliers to stabilize prices. It is worth mentioning that as the end of the month approaches, the enthusiasm of many steel companies for bidding has gradually increased, which makes the number of ferromolybdenum and ferromolybdenum steel recruited this month expected to reach 10,000 tons.

In terms of news: the latest data released by China Iron and Steel Association, in mid-July 2022, key statistics iron and steel enterprises produced a total of 20.3789 million tons of crude steel, 19.0148 million tons of pig iron and 19.9473 million tons of steel. Among them, the daily output of crude steel was 2.0379 million tons, down 1.78% from the previous month; the daily output of pig iron was 1.9015 million tons, down 0.73% from the previous month; the daily output of steel was 1.9947 million tons, up 1.10% from the previous month. At the end of the first ten days, the steel inventory was 19.0313 million tons, an increase of 5.45% over the previous ten days, an increase of 12.29% over the end of last month; a decrease of 7.27% over the same period of last month; an increase of 68.47% over the beginning of the year; an increase of 27.57% over the same period last year.

Prices of molybdenum products on July 27, 2022

Picture of molybdenum powder

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