China Molybdenum Prices - September 4, 2023

At the beginning of the week, China molybdenum prices fluctuated in a narrow range, mainly due to the general demand of downstream users and the low willingness of suppliers to make price concessions. 

The current prices of molybdenum concentrate and ferromolybdenum are about 4,370 yuan/ton Mo and 285,000 yuan/ton respectively. According to Chinatungsten Online, the current molybdenum price is at a relatively high level and the international molybdenum market is not good, which is the main reason for the increased cautiousness of buyers; the arrival of the "Golden September" and the small stock in the market are supported by a large cost It has boosted the suppliers' confidence in quotations.

In terms of news: According to data from the China Iron and Steel Industry Association, in July 2023, my country imported 678,000 tons of steel products, an increase of 66,000 tons month-on-month, and a year-on-year decrease of 111,000 tons; exported steel products were 7.308 million tons, a month-on-month decrease of 200,000 tons, and an increase of 637,000 tons year-on-year. Ton. During the same period, my country exported 4.695 million tons of plate, a decrease of 2.8% from the previous month, accounting for 64.2% of the total export volume; 360,000 tons of stainless steel, an increase of 4.8% from the previous month, accounting for 4.9% of the total export volume.

Prices of molybdenum products on September 4, 2023

Picture of molybdenum sheet 

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