Molybdenum News Center

Sodium Molybdate Price - December 19, 2022

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices remain stable on December 19, 2022 with the impact of the decline in international molybdenum price. 

Under the support of the small stock of molybdenum raw materials and the enthusiasm of downstream users to enter the market for inquiries and purchases, suppliers basically have a strong confidence in reluctance to sell and raise prices. However, the sharp drop in the international molybdenum price has largely restrained the domestic molybdenum market from heating up.

According to Chinatungsten Online, the main reason for the drop in the international molybdenum price is that the international molybdenum price rose sharply in the first half of the year due to factors such as the approaching Christmas, the strike of the South Korean freight union, and the successive optimization of epidemic prevention and control measures in many places in China. Recently, downstream users have a high fear of heights, coupled with the fact that some customers have completed their procurement plans and the national logistics recovery has accelerated after the South Korean freight strike, resulting in less international demand for molybdenum, so the international molybdenum price has fallen rationally.

News: According to data from the National Bureau of Statistics, from January to November 2022, China's crude steel output was 935.11 million tons, a decrease of 1.4% from the same period last year; pig iron production was 795.06 million tons, a decrease of 0.4% from the same period last year; It was down 0.7% from the same period last year.

Prices of molybdenum products on December 19, 2022

Picture of molybdenum sheet

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