Sodium Molybdate Price - June 8, 2022

Molybdenum market quotation in China: ferro molybdenum, sodium molybdate and ammonium heptamolvbdate prices are unchanged from the previous trading day on June 8, 2022. 

With the gradual deepening of the imbalance between supply and demand, the consumer market has gradually shifted from a buyer's market to a seller's market. This is mainly manifested in the general strengthening of stockholders' reluctance to sell and price, and the fact that most industry players are optimistic about the market outlook.

From the perspective of the supply side, affected by the recent thunderstorms and rainy weather, the difficulty factor of molybdenum mining enterprises has increased. In addition, the import volume of overseas mines is small, and the spot supply in the market is even tighter, so it can greatly increase the bullish sentiment of suppliers who are reluctant to sell.

From the perspective of demand, with the gradual progress of Shanghai's resumption of work and production, the market's demand for steel has increased significantly. In addition, when the Dragon Boat Festival has just ended and it is currently at the beginning of the month, many steel companies are more willing to enter the market to bid for molybdenum Iron, which in turn boosted confidence in the entire molybdenum market.

Prices of molybdenum products on June 8, 2022

Picture of TZM rod 

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