Molybdenum Powder Price - January 4, 2022

Molybdenum market quotation in China: molybdenum powder, oxide and sodium molybdate prices continue to rise sharply in the new year of 2023. Under the support of positive factors, many suppliers still have a strong bullish sentiment of reluctance to sell, but affected by insufficient liquidity and rising awareness of profit-taking, a few suppliers still have relatively high shipments enthusiasm, so the market trading is active. 

According to Chinatungsten Online, the favorable factors in the market include: First, affected by factors such as the New Year’s Day holiday, stricter environmental protection policies, low temperature, and accelerated spread of the epidemic, many molybdenum manufacturers have encountered greater resistance to production, which makes it difficult to stock in the market. Second, the large number of suppliers shipped in the early stage and the recent import of molybdenum raw materials in my country is still relatively small, which is also one of the reasons for the tight spot supply in the market. The desire of downstream users to purchase in advance. However, with the sharp rise in molybdenum prices at the end of 2022, buyers' fear of heights has increased.

In terms of news: According to the market operation monitoring system of the Ministry of Commerce, last week (December 19-25) the national production data market price decreased by 0.7% compared with the previous week. Production materials market: Steel prices rose slightly, of which rebar, high-speed wire rods, and welded steel pipes were 4,157 yuan, 4,384 yuan, and 4,593 yuan per ton, up 0.7%, 0.6%, and 0.4% respectively.

Prices of molybdenum products on January 4, 2022

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