Ferro Molybdenum Price - October 26, 2022

Molybdenum market quotation in China: ferro molybdenum price declines slightly while molybdenum powder and oxide prices remain unchanged on October 26, 2022. 

Under the situation that the consumption pace of downstream users has slowed down and the international molybdenum market is generally in general, it is slightly difficult for the price of molybdenum raw materials to rise again, and some even drop slightly. However, supported by the production cost and the limited spot supply in the market, suppliers generally keep a firm offer.

In the molybdenum concentrate market, the overall operation is maintained. Under the situation of weak supply and demand, most suppliers still have a strong psychology of reluctance to sell and support prices, but there are still some suppliers who have a strong sense of profit-taking.

In the ferromolybdenum market, there are few bulk cargo transactions. Under the low enthusiasm of steel bidding companies and the strong sentiment of price pressure, the price of ferromolybdenum has risen slightly, but low-priced sources are difficult to obtain, which supports intermediate smelting to a large extent. Businesses offer confidence.

In the market of molybdenum chemical industry and its products, there is no significant change in the market situation. As end customers basically maintain just-in-demand purchases and upstream merchants have low willingness to cut prices, molybdenum chemical companies basically maintain rational quotations and mainly wait and see.

In terms of news: data from the China Iron and Steel Association shows that in mid-October 2022, key statistics iron and steel enterprises produced a total of 20.6492 million tons of crude steel, 18.7494 million tons of pig iron, and 20.52 million tons of steel. As of the end of the month, the steel inventory of key iron and steel enterprises was 17.7184 million tons, an increase of 8.59% over the previous ten days, an increase of 11.56% over the end of last month, an increase of 0.33% over the same ten days of last month, an increase of 56.84% over the beginning of the year, and an increase over the same period last year. 37.92%.

Prices of molybdenum products on October 26, 2022

Picture of molybdenum wire 

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