China Ferro Molybdenum Price - August 24, 2022
- Details
- Category: Molybdenum's News
- Published on 24 August 2022
- Written by Shuxia
- Hits: 95
Molybdenum market quotation in China: molybdenum powder and oxide prices remain stable while ferro molybdenum price increases slightly on August 24, 2022 mainly due to the enthusiasm of downstream users' enquiries and the rebound of international molybdenum prices.
In the molybdenum concentrate market, the overall operation is stable. Under the combined effect of the high willingness of ferro-molybdenum merchants to receive goods and the low spot inventory of molybdenum concentrate, molybdenum mining enterprises basically have strong confidence in quotations.
In the ferromolybdenum market, the market situation has improved slightly, some steel companies are willing to enter the market for ferromolybdenum bidding, the bidding price has slightly increased, and favorable factors such as low-priced sources are difficult to obtain, all of which have largely supported the confidence of intermediate smelters to raise prices. , the price of ferromolybdenum rose slightly by about 166,000 yuan/ton.
In the market of molybdenum chemical industry and its products, the overall wait-and-see mood is strong. Under the circumstance that end customers are basically just in need of replenishment and the upstream market has high price sentiment, the price of molybdenum chemical products has not fluctuated significantly.
News: According to the monitoring of the Iron and Steel Association, at the end of July 2022, the China Steel Price Index (CSPI) was 111.46 points, a month-on-month decrease of 9.03%, a month-on-month decrease for the third consecutive month; a year-on-year decrease of 27.38%, a year-on-year decrease for the fourth consecutive month. Among them, the CSPI long product index was 117.63 points, a month-on-month decrease of 7.48%; the CSPI plate index was 110.33 points, a month-on-month decrease of 9.61%.
Prices of molybdenum products on August 24, 2022
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