Molybdenum News Center

Molybdenum Oxide Price - November 30, 2022

The overall domestic molybdenum market performed well. Under the contradiction between the small stock of molybdenum raw materials and the strong demand of downstream users, suppliers generally hold a strong bullish sentiment and the quotations continue to rise。 

The prices of molybdenum concentrate, ferromolybdenum, molybdenum oxide, ammonium molybdate and molybdenum powder have repeatedly hit new highs. At present, the prices of molybdenum concentrate, ferromolybdenum and molybdenum oxide have soared to about 3,490 yuan/mtu, 231,000 yuan/ton and 3,580 yuan/mtu.

Under the circumstance that the price of molybdenum products has been raised sharply and the market demand is acceptable, most of the holders have a higher sense of profit-taking, so the actual transaction volume in the market is relatively large. However, under the influence of the soaring price of molybdenum, the industry's worries about the market outlook have also slightly increased, and the market outlook may maintain a stable operation.

In terms of news: According to data from the China Iron and Steel Industry Association, from January to October 2022, the cumulative production of medium and heavy plate rolling mills was 58.41 million tons, a year-on-year increase of 4.1%; The production was 62.92 million tons, a year-on-year increase of 2.7%. Among them, in October, the production of medium and heavy plate rolling mills was 6.23 million tons, an increase of 29.3% year-on-year; the production of hot continuous rolling mills was 15.08 million tons, a year-on-year increase of 5.3%.

Prices of molybdenum products on November 30, 2022

Picture of molybdenum boat 

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