Molybdenum Powder Price - April 1, 2024

At the beginning of the week, the overall performance of the domestic molybdenum market was relatively weak, mainly reflected in the varying degrees of price declines in many products, low actual transaction volumes, and less favorable future expectations. 

This is primarily due to strong pressure from downstream users to lower prices and a continued slowdown in consumption pace, as well as insufficient support from favorable factors such as production cost. Currently, the prices of molybdenum concentrate, ferromolybdenum, and molybdenum powder have each declined by about 50 yuan/mtu, 2,000 yuan/ton, and 5 yuan/kg, respectively.

 Recently, steel companies bidding for ferromolybdenum include Delong Nickel Industry, Hebei Shougang, Hualing Steel Pipe, Qingshan Group, Jiangsu Huaigang, etc., with bid prices mostly below 217,000 yuan/ton.

In terms of news: In January-February 2024, China's total stainless steel imports were 455,500 tons, an increase of 34.89% year-on-year; exports were 675,400 tons, an increase of 9.3% year-on-year. Among them, the import volume of stainless steel in February was 222,400 tons, a decrease of 4.55% month-on-month but an increase of 18.78% year-on-year; the export volume of stainless steel was approximately 258,300 tons, a decrease of 38.1% month-on-month but an increase of 2.1% year-on-year.

Prices of molybdenum products on April 1, 2024

Picture of molybdenum pins 

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