Molybdenum News Center

Sodium Molybdate Price - November 2, 2022

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices continue to decline on November 2, 2022. 

With the gradual increase of negative factors, the confidence of suppliers to support prices is generally insufficient, and the actual transaction volume is relatively small. In the short term, the industry's focus is on the volume and price of steel.

According to Chinatungsten Online, factors such as the limited production of molybdenum mining enterprises in September and October, the acceptable recruitment of ferromolybdenum steel and the uncertainty caused by the epidemic are the reasons for the sharp rise in molybdenum prices last month. As the price of molybdenum rises, the enthusiasm of downstream users to make inquiries and purchases also weakens.

In terms of news: data from the China Iron and Steel Association shows that from January to September, the total profit of industrial enterprises above designated size in the country was 6,244.18 billion yuan, a year-on-year decrease of 2.3%. Among them, the mining industry realized a total profit of 1,246.96 billion yuan, a year-on-year increase of 76.0%; the manufacturing industry realized a total profit of 4,625.96 billion yuan, a decrease of 13.2%; the electricity, heat, gas and water production and supply industry realized a total profit of 371.25 billion yuan, an increase of 4.9%. .

Prices of molybdenum products on November 2, 2022

Picture of molybdenum powder

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