Molybdenum News Center

Molybdenum Powder Price - February 20, 2023

Molybdenum market quotation in China: ferro molybdenum and molybdenum oxide prices increase slightly while molybdenum powder price keeps unchanged on February 20, 2023. 

Under the influence of downstream users basically maintaining rigid demand purchases and the high prices of European ferromolybdenum and international molybdenum oxide, the price center of domestic molybdenum concentrate and molybdenum oxide has moved up, so the operation of the ferromolybdenum market is weak.

In terms of news: According to data from the China Iron and Steel Industry Association, in early February 2023, key statistical iron and steel enterprises produced a total of 20.6211 million tons of crude steel, 18.9142 million tons of pig iron, and 19.3355 million tons of steel. During the same period, the steel inventory of key steel enterprises was 18.0295 million tons, an increase of 9.36% over the previous ten-day period, an increase of 21.11% over the same period of last month, an increase of 38.09% over the end of last year, and an increase of 6.97% over the same period of last year.

Prices of molybdenum products on February 20, 2023

Picture of black TZM rod 

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