China Molybdenum Price - November 4, 2022

This week, China molybdenum price showed a downward trend as a whole, and the decline was obvious, mainly due to the decrease in market demand and the gradual reduction of favorable factors. 

According to statistics from Chinatungsten Online, the price of molybdenum concentrate dropped by about 190 yuan/mtu, a drop of 5.74% this week; ferro molybdenum dropped by about 14,000 yuan/ton, a drop of 6.36%; molybdenum powder dropped by about 8 yuan/kg, a drop of 1.99%.

In the molybdenum concentrate market, the overall level of activity is average. There are still downstream users who are willing to enter the market for consumption and product logistics and transportation have been delayed due to the impact of the epidemic, which to a large extent supports the confidence of suppliers to support prices, but buyers are depressed. The high and global economic situation is not optimistic, resulting in a relatively chaotic overall quotation.

In the ferromolybdenum market, the volume of bulk cargo still has a lot of room for growth. Although the price of ferromolybdenum has declined, steel companies have increased inquiries into the market, but the actual transactions are still scarce. At present, the industry is focusing on a new round of steel. recruit performance.

In the market of molybdenum chemical industry and its products, there is a priceless market as a whole. Under the situation that the bullish sentiment in the upstream market has weakened and the rigid demand of end customers is difficult to improve, the price of molybdenum chemical enterprises has been rationally lowered, and the price of sodium molybdate has dropped to 150,000 yuan / Ton.

In terms of news: data from the Stainless Steel Branch of the China Special Steel Enterprises Association shows that from January to September 2022, the national crude stainless steel output was 23.6346 million tons, a year-on-year decrease of 5.22%. Among them, the output of Cr-Ni series stainless steel was 11.9667 million tons, a decrease of 1.97%; the output of Cr-Mn stainless steel was 7.1616 million tons, a decrease of 6.98%; the output of Cr-based stainless steel was 4.2578 million tons, a decrease of 12.20%; the output of duplex stainless steel was 248,485 tons, a decrease of 12.20%. A year-on-year increase of 37.57%.

Prices of molybdenum products on November 4, 2022

Picture of molybdenum boat 

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