China’s Domestic Molybdenum Price - January 17, 2022

At the beginning of the week, China’s domestic molybdenum price continued to be stable and strong in the last week. Under the influence of the shortage of spot supply of molybdenum concentrate and the generally high enthusiasm of steel companies to bid for ferromolybdenum, most intermediate smelters have a strong sense of reluctance to sell and keep prices high. The ferro molybdenum price is about 164,000 yuan/ton.

According to Chinatungsten Online, the main reason for the difficulty in increasing the spot supply of molybdenum concentrate is that the Spring Festival and the Winter Olympics are approaching, and environmental protection efforts have been strengthened. During the Spring Festival, normal production and operation, so purchase in advance.

In terms of news: customs data show that in December 2021, my country imported 1.001 million tons of steel, a month-on-month decrease of 423,000 tons, a decrease of 29.7%; the average price was 1548.5 US dollars / ton, a month-on-month increase of 146.5 US dollars / ton, an increase of 10.4%; 1-12 The monthly total imported steel was 14.268 million tons, a year-on-year decrease of 5.963 million tons or 29.5%. In December 2021, my country exported 5.026 million tons of steel, an increase of 665,000 tons or 15.2% month-on-month; the average price was US$1,687.9/ton, a month-on-month decrease of US$41.6/ton, down 2.4%; the cumulative export of steel from January to December was 66.895 million tons , an increase of 13.223 million tons, an increase of 24.6%.

Prices of molybdenum products on January 17, 2022

Picture of molybdenum crucible

Follow our WeChat to know the latest molybdenum price, information and market analysis.

• < Prev
• Next >