Molybdenum News Center

Ferro Molybdenum Price - February 8, 2023

China's molybdenum market generally showed a high-level consolidation pattern on February 8, 2023. With the gradual weakening of positive support, some suppliers' confidence in firm quotations has loosened, which is mainly reflected in the rational correction of ferro molybdenum and molybdenum concentrate prices. At the same time, representative transactions in the market are less.

In the molybdenum concentrate market, the overall wait-and-see sentiment is strong. Although affected by the decrease in downstream demand and the high price depression sentiment, the market transaction is sluggish. However, due to the low spot inventory of molybdenum concentrate and the support of production costs, some suppliers are still relatively low. Strong price awareness.

In the ferromolybdenum market, the overall popularity has dropped slightly. Affected by the drop in international molybdenum prices, the slowdown in the bidding speed of steel companies and the drop in steel bidding prices, the price of ferromolybdenum has dropped slightly. However, due to the still high price of molybdenum concentrate and the current For merchant orders, most of the holders have a stable attitude and are waiting for a new round of steel recruiting guidelines.

In the molybdenum chemical industry and its products market, the market has not changed significantly, and the product price is mainly affected by the relationship between supply and demand. Under the contradiction between the upstream price hike sentiment and the high fear of end customers, molybdenum chemical enterprises are more cautious to wait and see Mainly.

In terms of news: According to data from the National Bureau of Statistics, in 2022, my country's cumulative steel output will be 1.013 billion tons, a year-on-year decrease of 2.10%. In terms of regions, Qinghai Province decreased by 35.04%, Jilin Province decreased by 11.82%, Xinjiang Uygur Autonomous Region decreased by 10.55%, Hebei Province decreased by 5.79%, Zhejiang Province decreased by 5.32%, and Inner Mongolia Autonomous Region decreased by 5.18%. 10%, with an increase of 18.15% and 12.38% respectively.

Prices of molybdenum products on February 8, 2023

Picture of molybdenum copper plate 

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