Molybdenum Concentrate Price - December 26, 2022

At the beginning of the week, China’s domestic molybdenum market as a whole continued to run stably at a high level last week. The prices of molybdenum concentrate, oxide and powder prices maintain stability. 

With the gradual increase of negative factors, the negotiation atmosphere between buyers and sellers was slightly stalemate, so the actual transaction volume decreased compared with the beginning of this month and the middle of this month, and the industry’s worries about the market outlook increased. concentrated. 

According to Chinatungsten Online, the main negative factors are: the sharp rise in molybdenum prices in the early stage and a large number of replenishment, resulting in a decrease in downstream demand in recent days; the difficulty in heating up the international molybdenum market is not conducive to the increase in the activity of the domestic molybdenum market.

In terms of news: According to data from the China Iron and Steel Industry Association, the steel output of the 64 countries or regions included in the statistics of the World Iron and Steel Association in November 2022 will be 139.1 million tons, a year-on-year decrease of 2.6%. Among them, steel production in Africa was 1.3 million tons, down 11.4% year-on-year; Asia and Oceania 101.4 million tons, up 2.7% year-on-year; EU (27) 10.5 million tons, down 17.9% year-on-year; other European countries 3.2 million tons, down 25.1% year-on-year 4 million tons in the Middle East, up 11.6% year-on-year; 8.9 million tons in North America, down 6.3% year-on-year; 6.5 million tons in Russia and other CIS countries + Ukraine, down 24.6% year-on-year; 3.4 million tons in South America, down 14.3% year-on-year.

Prices of molybdenum products on December 26, 2022

Picture of molybdenum wire 

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