After the surge, molybdenum prices gradually return to reason
Molybdenum is a small metal widely used in the iron and steel industry, attracting global attention. With the upgrading of China's industrial structure, the use of stainless steel has been increasing year by year to drive the use of molybdenum. From December 2022, the increase rate of 40-45 degree molybdenum concentrate suddenly accelerated, and rose to around 5500 RT in just 2 months. In particular, after the Chinese New Year, there was a daily jump of about 1,000 RT, using the "crazy molybdenum market" to describe it is not too much.
From the price trend, the past two weeks, molybdenum concentrate market continues to run weak, the price rose slightly after the center of gravity moved down, the market more wait-and-see. With molybdenum concentrate price gradually fall, transaction will be expected to start one after another.
In view of the skyrocketing price of raw material molybdenum concentrate after the Spring Festival and the gradual decline of the price in the past two weeks, our sales team timely adjusted the sales strategy, timely informed the customers of the industry situation, adopted one customer one plan, in order to meet the needs of the customers, and gave priority to the delivery of goods to the customers with no inventory and urgent production, so as to minimize the risks to the customers. At present, our company's production and delivery work orderly.
Data show that as of March 9, 40-45 degrees molybdenum concentrate cash offer 4970-5000 RT, 50 degrees above molybdenum concentrate cash offer is more than 5030 RT, molybdenum market is still running at a high level (Data from public information on the Internet).
Pioneer New Material Technology Co., Ltd. is the global general agent of Songxian Exploiter Molybdenum Co. Ltd., a major producer of molybdenum disulfide in the world.We ard also a member of China Friction&Sealing Material Association (CFMA) and a member of China Plastics Association Fluoroplastics Processing Professional Committee (FSCPA). Our Molybdenum Disulfide products are mainly used in lubricating oil, automobile manufacturing, powder metallurgy, carbon brush, modified plastics, sealing materials and other industrial fields. Our products are exported to more than 20 countries and regions, such as the United States, Japan, Germany, Italy, France, Russia, Singapore, Ukraine, South Africa, Taiwan, Chile, Israel and so on, by the industry recognition and high praise.
