Molybdenum Powder Price - Sep. 26, 2022

Molybdenum market quotation in China: ferro molybdenum, molybdenum powder and oxide prices continue to be strong at the beginning of the week due to tight raw material supply. 

The mentality of traders is divided. Some suppliers are reluctant to sell and their bullish sentiment is still high; some of them are slightly less confident in price support, and they are more worried about the future market. Under the influence of the high operation of the domestic molybdenum market, the international molybdenum market is also relatively good.

In news: World Steel Association data show that global crude steel production in August 2022 was 150.6 million tons, a year-on-year decrease of 3%. Among them, China 83.9 million tons, up 0.5% year-on-year; India 10.2 million tons, up 1.2% year-on-year; Japan 7.3 million tons, down 7.4% year-on-year; the United States 7 million tons, down 7.1% year-on-year; Russia is estimated to be 5.9 million tons, year-on-year. Down 5.5%; South Korea estimated 6.1 million tons, down 0.4% year-on-year; Germany 2.9 million tons, down 2.3% year-on-year; Turkey 2.8 million tons, down 21.0% year-on-year; Brazil 2.8 million tons, down 11.3% year-on-year; Iran 2.1 million tons , up 64.7% year-on-year.

Prices of molybdenum products on Sep. 26, 2022

Picture of molybdenum boat 

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