Molybdenum Concentrate Price - June 27, 2022

At the beginning of the week, China molybdenum price was in the downward trend due to the slowdown in the speed of steel companies entering the market to tender for ferromolybdenum and the decrease in demand from end customers. 

However, due to the support of production costs and the limited spot inventory of molybdenum raw materials, the margins for suppliers are generally limited. At present, the prices of molybdenum concentrate and ferromolybdenum have dropped slightly to around RMB 2,760/mtu and RMB 182,000/ton respectively, while the prices of other molybdenum chemical products have remained basically stable.

In terms of news: data from the China Iron and Steel Association shows that in mid-June, the social inventory of 5 major types of steel in 21 cities was 12.85 million tons, an increase of 3.8% month-on-month; an increase of 63.1% over the beginning of the year; an increase of 12.8% over the same period last year. In terms of regions, inventory in South China increased by 4.9% month-on-month, in North China by 7.0%, in East China by 3.3%, in Central China by 5.0%, in Northwest China by 4.5%, and in Southwest China by 0.6%.

Prices of molybdenum products on June 27, 2022

Picture of molybdenum copper sheet 

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