Molybdenum Powder Price - February 13, 2023

At the beginning of the week, China’s ferro molybdenum, molybdenum oxide and molybdenum powder prices start to decline slightly. 

Under the gradually weakening support ability of favorable factors, most suppliers rationally lowered their quotations, which led to a slight increase in inquiries, but the actual transaction volume was not much. At present, most traders are waiting for a new round of steel recruiting guidelines.

According to Chinatungsten Online, the current negative factors in the Chinese market include the multi-day correction of the international molybdenum price and the excessive rise of the previous molybdenum price in a relatively short period of time, which has caused buyers to be fearful of heights recently.

In terms of news: According to data from the China Iron and Steel Industry Association, in December 2022, China's stainless steel imports totaled 236,800 tons, a month-on-month decrease of 18.79%, and a year-on-year decrease of 12.42%; 11.82%. In 2022, China's total stainless steel imports will be 3.285 million tons, a year-on-year increase of 12.21%; the total export volume will be 4.5513 million tons, a year-on-year increase of 2.03%.

Prices of molybdenum products on February 13, 2023

Picture of MoSi2 heating element 

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