Sodium Molybdate Prices – May 8, 2023

At the beginning of the week, the overall domestic molybdenum market was quiet. 

Under the influence of many uncertain factors, buyers and sellers entered the market with different attitudes, that is, the buyer had a strong desire to suppress prices, while the seller had a strong understanding of profit, so the actual transaction was average. 

At present, the industry is focusing on the performance of steel bidding prices. Currently, the prices of molybdenum concentrate, ferromolybdenum, sodium molybdate and molybdenum powder are around RMB 3,350/ton, RMB 234,000/ton, RMB 154,000/ton and RMB 458/kg respectively.

News: According to data from the China Iron and Steel Industry Association, the average daily crude steel output of key steel enterprises in late April 2023 was 2.2067 million tons, a decrease of 3.63% month-on-month and a year-on-year decrease of 6.46%, the month-on-month increase was 3.01%, and the year-on-year decrease was 1.23%. In late April 2023, the steel inventory of key iron and steel enterprises was 18.1103 million tons, a decrease of 430,800 tons or 2.32% month-on-month; an increase of 856,900 tons or 4.97% over the same ten days of last month; An increase of 38.52%; an increase of 21,600 tons over the same ten days of last year, an increase of 0.12%.

Prices of molybdenum products on May 8, 2023

Picture of molybdenum sheet

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