Molybdenum News Center

Sodium Molybdate Price - April 10, 2023

At the beginning of the week, China’s sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices are unchanged from last week because the market remains stable temporarily. 

With the current low price of molybdenum chemical products and the low surplus of raw materials of some downstream molybdenum producers, buyers have increased enthusiasm for entering the market and suppliers have a strong sense of profit-taking, so the recent transactions are acceptable. However, the unstoppable decline in stainless steel prices has to a large extent weakened the confidence of molybdenum holders in raising their quotations sharply.

In terms of news: According to data from the China Iron and Steel Industry Association, from January to February 2023, the total profits of industrial enterprises above designated size across the country were 887.21 billion yuan, a year-on-year decrease of 22.9%. Among them, the mining industry realized a total profit of 234.37 billion yuan, a year-on-year decrease of 0.1%; the manufacturing industry realized a total profit of 583.78 billion yuan, a decrease of 32.6%; the electricity, heat, gas and water production and supply industry realized a total profit of 69.06 billion yuan, an increase of 38.6%. 

Prices of molybdenum products on April 10, 2023

Picture of black TZM rod 

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