Molybdenum Powder Price - January 13, 2023

This week, China’s domestic molybdenum market as a whole maintains a high level and relatively strong operation. Although the Spring Festival is approaching, the enthusiasm of downstream users to enter the market for inquiries and purchases has declined, and the recent drop in the international molybdenum price has largely hindered the market from heating up again. 

Supported by the low spot inventory of molybdenum raw materials and some steel companies such as Shougang Group, Shanxi Taigang, Jiangsu Yonggang and Valin Lianyuan Steel who are still willing to enter the market to bid for ferromolybdenum, most suppliers still have strong bullish confidence.

According to statistics from Chinatungsten Online, the price of molybdenum concentrate rose about 110 yuan/ton, or 2.48% this week; ferromolybdenum rose about 4,000 yuan/ton, or 1.33%; molybdenum oxide rose about 100 yuan/ton, or 2.20%; sodium molybdate rose about 5,000 yuan/ton, or 2.54%; ammonium heptamolybdate rose about 5,000 yuan/ton, or 1.77%; molybdenum powder rose about 10 yuan/kg, or 1.92%.

Generally speaking, the price increase of most molybdenum products this week is slightly smaller than that of last week, and the transaction speed slows down.

In terms of news: In 2022, the ex-factory price of industrial producers across the country will increase by 4.1% year-on-year, and the purchase price of industrial producers will increase by 6.1%. Among them, in December, the ex-factory price of industrial producers decreased by 0.7% year-on-year, and decreased by 0.5% month-on-month; the purchase price of industrial producers increased by 0.3% year-on-year, and decreased by 0.4% month-on-month.

Prices of molybdenum products on January 13, 2023

Picture of black TZM rod 

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