Molybdenum News Center

Molybdenum Powder Price - Sep. 15, 2022

Molybdenum market quotation in China: ferro molybdenum, molybdenum powder and oxide prices rise on Sep. 15, 2022 under the combined effect of the low inventory of molybdenum raw materials, the increase in price and quantity of steel tender and good mentality of stockholders, which in turn drives the recovery of the international molybdenum market. 

However, as the price of molybdenum raw materials continues to rise, some industry players are increasingly worried about the market outlook.

In the molybdenum concentrate market, the supply is generally in short supply. Under the circumstance that the production capacity of molybdenum mining enterprises is limited, most ferromolybdenum merchants are more motivated to inquire and purchase, which has prompted the price of molybdenum concentrate to rise significantly, and the market is reluctant to sell. The bullish sentiment is strong .

In the ferromolybdenum market, the fundamentals of supply and demand are relatively good. Since the end of the Mid-Autumn Festival holiday, the willingness of many steel companies to enter the market for bidding for ferromolybdenum has increased, and the bidding price is acceptable. Intermediate smelting enterprises are more confident in raising prices.

In the market of molybdenum chemical industry and its products, the market activity still needs to be improved. Although the price of molybdenum raw materials has risen, the quotations of molybdenum chemical companies have also been raised, but the rigid demand situation of end customers is difficult to improve, resulting in a low actual transaction volume.

News: In the first ten days of September, the social inventory of 5 major types of steel products in 21 cities was 8.8 million tons, a decrease of 4.2% from the previous month, an increase of 11.7% from the beginning of the year, and a decrease of 23.9% from the same period of the previous year. In terms of regions, inventories in South China decreased by 9.2% month-on-month, East China by 6.3%; North China by 10.7%, Northeast by 8.3%, Central China by 5.3%, and Northwest by 3.6%; Southwest inventories increased by 14.9%.

Prices of molybdenum products on Sep. 15, 2022

Picture of molybdenum sheet 

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