Molybdenum Oxide Prices - April 17, 2023

Details: Category: Tungsten's News; Published on Monday, 17 April 2023 17:33

At the beginning of the week, the overall Chinese molybdenum market was still not good, mainly reflected in the decline in the prices of molybdenum concentrate, ferromolybdenum and molybdenum oxide to a certain extent.

However, under the falling price of molybdenum, the enthusiasm of downstream users to inquire and purchase has increased, and in order to avoid the risk of cost inversion and the recent stabilization of the price of 316 steel, the profit awareness of molybdenum holders has increased. Currently, the prices of ferromolybdenum and molybdenum concentrate are 192,000 yuan/ton and 2,680 yuan/ton degree respectively.

In terms of news: According to data from the China Iron and Steel Industry Association, in early April 2023, key statistical iron and steel enterprises produced a total of 23.2196 million tons of crude steel, 20.4287 million tons of pig iron, and 21.7914 million tons of steel. Among them, the daily output of crude steel was 2.322 million tons, a month-on-month increase of 2.71%; the daily output of pig iron was 2.0429 million tons, a month-on-month increase of 1.85%; the daily output of steel products was 2.1791 million tons, a month-on-month decrease of 3.82%.

Prices of molybdenum products on April 17, 2023

molybdenum oxide price image