Molybdenum Powder Price - June 5, 2023

At the beginning of the week, China’s molybdenum powder, ammonium molybdate and ammonium heptamolvbdate prices keep stable mainly due to the relative balance between supply and demand in the current market. 

Under the influence of factors such as the relatively high price of molybdenum, the completion of the purchase plan by downstream users at the end of last month, and the current slow recovery of the global economy, the current market demand is low; In the case of a large number, the current market spot inventory is not much, so the holder is not in a hurry to ship.

In terms of news: According to data from the China Iron and Steel Association, in late May 2023, the social inventory of five major varieties of steel in 21 cities was 10.31 million tons, a decrease of 5.8% from the previous month, a decrease of 10.4% from the end of April, and an increase of 37.1% from the beginning of the year. It was down 14.6% over the same period. In terms of regions, inventory in Northeast China decreased by 29.1% month-on-month, Southwest China decreased by 7.8%; North China decreased by 6.5%, South China decreased by 2.5%, Northwest decreased by 5.0%, Central China decreased by 3.3%, and East China decreased by 1.1%.

Prices of molybdenum products on June 5, 2023

Picture of molybdenum electrode

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