Molybdenum Powder Price - June 9, 2023

China’s ferro molybdenum, molybdenum powder and molybdenum bar prices kept stable in the week ended on Friday, June 9, 2023 mainly due to the balanced relationship between the supply and demand. 

Under the circumstances that suppliers are not in a hurry to ship goods and buyers basically maintain rigid demand, the trading activity on the market is low, which in turn leads to a small actual transaction volume.

From the perspective of the supply side, supported by the small amount of spot inventory in the current market, the limited release of production capacity of molybdenum mining enterprises and the small import volume of molybdenum raw materials, the holders basically have strong confidence in quotations; from the perspective of the demand side, In addition to the current relatively high price of molybdenum products, which is the reason why downstream users are less motivated to enter the market for inquiries and purchases, the large purchase volume in the early stage is also one of the factors why consumers are not in a hurry to purchase recently, so the overall market demand is relatively low .

In terms of news: Customs data show that from January to May 2023, my country imported a total of 3.129 million tons of steel products, a year-on-year decrease of 1.85 million tons, or 37.1%. Among them, in May, my country imported 631,000 tons of steel products, an increase of 46,000 tons or 7.9% month-on-month; the average price was US$1,737.2/ton, a decrease of US$31.3/ton or 1.8% month-on-month.

Prices of molybdenum products on June 9, 2023

Picture of molybdenum rod 

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