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Molybdenum Powder Price - December 7, 2022

Molybdenum market quotation in China: molybdenum powder, oxide and concentrate prices are stable temperately on December 7, 2022 as the market is in a stalemate. 

In the molybdenum concentrate market, the overall operation remained stalemate. Although the demand from downstream users has weakened since the price of molybdenum concentrate rose in mid-November, due to the continued low spot inventory in the market, the steel bidding market and the international molybdenum market are operating well. Therefore, most holders have strong confidence in holding prices.

In the ferromolybdenum market, the overall activity is relatively high. With the optimization and adjustment of epidemic prevention and control measures in many places across the country and the exchange rate of US dollar to RMB (6.996) is still at a relatively high level, the demand for steel products has increased, which in turn drives the sales of ferromolybdenum. In October 2022, China's stainless steel imports and exports totaled 310,900 tons and 295,800 tons respectively, a month-on-month increase of 14.23% and 5.31% respectively; a year-on-year increase of 18.53% and -6.99%.

In the market of molybdenum chemical and its products, there is a pattern of price but no market. Supported by the good confidence in price stabilization in the upstream market and the relatively optimistic international molybdenum market, the quotations of molybdenum chemical companies basically remain rational, but due to the limited consumption capacity of end customers, order growth is slow.

Prices of molybdenum products on December 7, 2022

Picture of TZM rod 

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