Molybdenum News Center

Molybdenum Raw Materials Prices – December 2, 2022

This week, the overall performance of the domestic molybdenum market is good, mainly reflected in the acceptable downstream demand, recorded high molybdenum prices, suppliers’ strong quotation confidence and high awareness of profit taking, etc. Worries have also increased, and it is believed that the market may maintain smooth operation in the future.

According to statistics from Chinatungsten Online, the price of molybdenum concentrate rose by about 120 yuan/ton degree this week, an increase of 3.56%; ferromolybdenum rose about 5,000 yuan/ton, an increase of 2.20%; molybdenum oxide rose by about 120 yuan/ton degree, or 3.47%; sodium molybdate rose about 4,000 yuan/ton, or 2.58%; ammonium heptamolybdate rose about 4,000 yuan/ton, or 1.81%; molybdenum powder rose by about 8 yuan/kg, an increase of 1.99%.

It can be seen that the price of molybdenum raw materials has risen sharply this week, while the price of molybdenum compounds and molybdenum products has risen slightly, mainly due to the fact that steel companies enter the market to bid for ferromolybdenum and the bidding prices are acceptable. And affected by the limited production capacity of molybdenum mining enterprises and the low heat of the molybdenum import market, the spot inventory in the market is small, and the demand from end customers is slow to follow up.

In terms of news: The Professional Committee of Steel Logistics of the China Federation of Things stated that the PMI of the steel industry in November 2022 will be 40.1%, a month-on-month decrease of 4.2 percentage points. The changes in the sub-indexes show that the new order index in November was 34.5%, a decrease of 8.9 percentage points from the previous month; the production index was 39.3%, an increase of 0.5 percentage points from the previous month; the new export order index was 45.8%, a decrease of 1.9 percentage points from the previous month; The finished product inventory index was 37.4%, an increase of 1.3 percentage points month-on-month; the raw material inventory index was 36%, a month-on-month decrease of 5.7 percentage points; the purchase price index was 38%, a month-on-month decrease of 1.9 percentage points, and fell for three consecutive months.

Prices of molybdenum products on December 2, 2022

Picture of molybdenum boat 

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