China Molybdenum Price - May 4, 2023

China molybdenum price stabilizes in the first trading day after the holiday of Labour Day as most participants do not totally come back from the holiday. At present, the industry is focusing on the shipment situation of molybdenum mining enterprises and the bidding situation of steel enterprises.

News: According to data from the National Bureau of Statistics, in the first quarter of 2023, enterprises above designated size produced 1.15 billion tons of raw coal, a year-on-year increase of 5.5%. Among them, 420 million tons of raw coal were produced in March, a year-on-year increase of 4.3%, with an average daily output of 13.46 million tons. From January to March 2023, 100 million tons of coal will be imported, a year-on-year increase of 96.1%.

Prices of molybdenum products on May 4, 2023

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