Ferro Molybdenum Price - June 13, 2022

At the beginning of the week, China molybdenum market continued the trend of stabilization and recovery on June 13, 2022. Affected by the willingness of steel companies to enter the factory to bid for ferromolybdenum and the increase in bidding prices, the price of ferro molybdenum rose, and it is also led to the rise in the prices of many molybdenum chemical products such as molybdenum acid. 

In addition, the recent frequent rainy days and high oil prices result in limited production capacity release of molybdenum mining enterprises, which is also the main reason for the strong bullish sentiment in the market.

In terms of news: On average from January to May 2022, the national ex-factory price of industrial producers rose by 8.1% year-on-year, and the purchase price of industrial producers rose by 10.8%. Among them, in May, the national ex-factory price of industrial producers increased by 6.4% year-on-year and 0.1% month-on-month; the purchasing price of industrial producers increased by 9.1% year-on-year and 0.5% month-on-month. Among them, among the purchasing prices of industrial producers in May, the prices of industrial raw materials rose by 0.2%, the prices of ferrous metal materials rose by 0.1%; the prices of non-ferrous metal materials and wires fell by 0.2%.

Prices of molybdenum products on June 13, 2022

Picture of molybdenum rod 

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