Molybdenum Powder Price - November 21, 2022

At the beginning of the week, China’s ferro molybdenum, molybdenum powder and oxide prices edge higher, mainly due to low inventory of molybdenum raw materials, the large demand of downstream users and the warming up of the international molybdenum market. 

Under the condition that the current market spot supply exceeds demand has not been resolved, the holders basically have strong confidence in raising prices, and the prices of molybdenum concentrate, ferromolybdenum and molybdenum oxide have risen to 3,350 yuan/ton, 223,000 yuan/ton and 3,440 yuan/mtu respectively. However, with the sharp rise in molybdenum prices, the fear of heights among steel companies and end customers has also increased, which is not conducive to the increase in market turnover.

In terms of news: The latest data from the National Bureau of Statistics shows that from January to October 2022, my country's steel bar output was 198.344 million tons, a year-on-year decrease of 9.5%; the output of medium-thick and wide steel strips was 156.359 million tons, a year-on-year increase of 3.9%; ) output was 11,955.8 tons, a year-on-year decrease of 8.4%. Among them, in October, the output of steel bars in my country was 20.936 million tons, an increase of 7.6% year-on-year; the output of medium-thick and wide steel strips was 15.787 million tons, an increase of 24.6% year-on-year; the output of wire rods (wire rods) was 11.746 million tons, an increase of 1.5% year-on-year.

Prices of molybdenum products on November 21, 2022

Picture of molybdenum boat 

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

• < Prev
• Next >