Molybdenum News Center

Molybdenum Oxide Price - August 8, 2022

At the beginning of the week, China’s ferro molybdenum, molybdenum oxide and concentrate prices remain stable on the whole. Although the price reduction of many molybdenum suppliers narrowed as the price of raw materials gradually approached the cost line, it was still difficult to stabilize the price of molybdenum products, mainly due to the negative factors still exist.

According to Chinatungsten Online, the negative factors include the drop in the price of steel, the increase in the import of molybdenum raw materials, the low international molybdenum price and the weak transaction.

In terms of news: in late July, the social inventory of 5 major types of steel in 21 cities was 10.73 million tons, down 7.3% from the previous month, down 14.3% from late June, up 36.2% from the beginning of the year, and down 12.2% from the same period last year. In terms of regions, inventory in South China decreased by 9.7% month-on-month, in East China by 6.6%, in North China by 10.8%, in Central China by 10.0%, in Southwest China by 5.2%, in Northeast China by 5.5%, and by 1.3% in Northwest China.

Prices of molybdenum products on August 8, 2022

Picture of molybdenum boat 

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