Sodium Molybdate Price - November 17, 2022

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices keep stable on November 17, 2022.

Under the interweaving of negative and positive factors, buyers and sellers enter the market with a general sentiment, some are reluctant to sell and have a strong bullish sentiment, some have a high willingness to sell at a lower price, and some remain cautious in consumption. Generally speaking, the current traders have different views on the market outlook, so they all maintain rational operations.

In the molybdenum concentrate market, the transaction volume and price are acceptable. As the problem of short supply in the market has not been resolved, suppliers basically have strong confidence in raising prices, and the quotation is around 3,250 yuan/tonne. In the ferromolybdenum market, the market is average. Under the situation that low-priced goods are difficult to obtain, intermediate smelting enterprises basically maintain firm quotations, so steel enterprises have little room for bargaining. At present, the industry is focusing on the steel bidding price in the second half of the year. In the molybdenum chemical industry and its products market, there is generally a pattern of price but no market. Although the prices of molybdenum chemical companies have been raised due to the strong sentiment of price increase in the upstream market, the follow-up of end customer demand is still slow.

News: According to data from the National Bureau of Statistics, from January to October 2022, my country's steel output was 860.57 million tons, a year-on-year decrease of 2.2%; pig iron output was 726.89 million tons, a year-on-year decrease of 1.2%; Coke output was 396.84 million tons, a year-on-year increase of 0.1%.

Prices of molybdenum products on November 17, 2022

Picture of molybdenum boat

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