Sodium Molybdate Price - August 10, 2022

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices rebound on August 10, 2022 with the impact of positive factors. Orders in the market increase and insiders are positive about the outlook.

According to Chinatungsten Online, the positive factors include the surge in international molybdenum prices, the centralized bidding by steel companies and the reduction in the spot inventory of molybdenum raw materials; the negative factors include the sluggish global economic growth, the decline in the prices of some bulk commodities such as oil prices, and the demand from end customers needs to be followed up.

In terms of news: data from the China Iron and Steel Association shows that from January to July 2022, my country's cumulative export of steel was 40.073 million tons, a year-on-year decrease of 2.956 million tons, a decrease of 6.9%; among which, the export of steel in July was 6.671 million tons, a month-on-month decrease of 886,000 tons, a decrease of 11.7% %; the average price was US$1,606.6/ton, an increase of US$58.1/ton or 3.8% month-on-month.

Prices of molybdenum products on August 10, 2022

Picture of molybdenum sheet 

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