Ferro Molybdenum Prices – July 19, 2023

Molybdenum market quotation in China: ferro molybdenum, molybdenum concentrate and molybdenum oxide prices increased slightly on July 19, 2023. 

Under the interweaving of positive and negative factors, traders basically maintain rigid demand transactions, so the transactions are limited. At present, the industry is focusing on the situation of molybdenum mine shipments and steel bidding prices.

In the molybdenum concentrate market, the overall reluctance to sell is bullish, mainly because downstream demand is still available and the current market spot supply is relatively small; in the ferromolybdenum market, product transaction prices have risen, mainly because low-priced goods are hard to come by and there are still many steel companies willing to enter the market to bid for ferromolybdenum, and the bidding price is acceptable; the market for molybdenum chemicals and its products generally maintains stable operations.

News: According to data from the General Administration of Customs, China exported 28.18 million tons of steel sheets from January to June 2023, a year-on-year increase of 26.5%, of which 4.83 million tons were exported in June, a year-on-year decrease of 1.5%. From January to June 2023, China exported a total of 5.52 million tons of steel bars, a year-on-year increase of 57.2%, of which 950,000 tons were exported in June, a year-on-year increase of 6.0%.

Prices of molybdenum products on July 19, 2023

Picture of molybdenum wires 

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