Molybdenum Powder Price - January 11, 2023

Molybdenum market quotation in China: molybdenum powder, sodium molybdate and ammonium molybdate prices continue to pick up on January 11, 2023. 

The increase was mainly due to the less release of production capacity of molybdenum mining enterprises, the active steel recruitment market, the limited import of molybdenum raw materials, and the obvious psychology of buyers to buy up rather than down. However, as the price of molybdenum soars, the risks in the future market will also increase, so investors should operate with caution.

From the perspective of the supply side, when the original spot inventory was not much, affected by factors such as the accelerated spread of the epidemic in many places, stricter environmental protection policies, and low temperatures, the output of some molybdenum manufacturers has shrunk, coupled with the heat of the molybdenum import market The problem of tight spot supply of molybdenum raw materials is more difficult to alleviate.

From the perspective of demand, with the adjustment and optimization of epidemic prevention and control measures, most manufacturers have accelerated their resumption of work and production. In addition, as the Spring Festival is approaching, in order to ensure that enterprises can operate normally before and after the Spring Festival, many downstream users have a stronger awareness of completing their procurement plans ahead of schedule. At present, enterprises such as Jiangsu Yonggang, Shougang Group and Valin Lianyuan Iron and Steel have successively entered the market to invite bids for ferromolybdenum.

In terms of news: According to data from the China Iron and Steel Association, from January to November 2022, the total water consumption of statistical member production enterprises was 83.9 billion cubic meters, an increase of 0.8% year-on-year; the water reuse rate was 98.2%, an increase of 0.1 percentage points year-on-year; The water volume was 2.4 cubic meters per ton, a year-on-year decrease of 0.6%; the total amount of discharged wastewater decreased by 24% year-on-year, and the discharge of chemical oxygen demand, ammonia nitrogen, total cyanide, suspended solids, and petroleum in the discharged wastewater decreased by 26.4% and 26.4% respectively. 17.5%, 51.9%, 22% and 28.7%.

Prices of molybdenum products on January 11, 2023

Picture of MoSi2 heating elements 

Follow our WeChat to know the latest molybdenum price, information and market analysis.

• < Prev
• Next >