Molybdenum Powder Price - July 15, 2024

At the beginning of the week, the domestic Chinese molybdenum market maintained stable operations. This was primarily due to increased cautious sentiment among downstream users and generally average performance in the international molybdenum market. 

According to Chinatungsten Online, the steady price rise of molybdenum products last week and the still weak steel market influenced steel companies to slightly lower their bids. Today, the prices of molybdenum concentrate, ferromolybdenum, and molybdenum powder remained stable at around 3,750 RMB/ton, 243,000 RMB/ton, and 443 RMB/kg, respectively.

News:

According to customs data, China imported 575,000 tons of steel in June 2024, a decrease of 9.7% compared to the previous month. Steel exports were 8.745 million tons, down 9.2% month-on-month. From January to June 2024, China imported a total of 3.617 million tons of steel, a decrease of 123,000 tons, or 3.3%, compared to the same period last year. Steel exports totaled 53.40 million tons, an increase of 10.341 million tons, or 24.0%, year-on-year.

Prices of molybdenum products on July 15, 2024

Picture of black TZM rods 

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