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Chinese molybdenum powder price falls back

2016-03-17 20:27:31   【Print】
BEIJING (Asian Metal) 17 Mar 16 - Some molybdenum powder producers have lowered the price for the material recently due to the sluggish market.Asian Metal Copyright He said that the current purchasing is inactive and regular consumers usually purchase 2-3t at a time.Asian Metal Copyright The current mainstream price for Chinese molybdenum powder 99.95%min is RMB138-143/kg, slightly down by RMB2/kg from last week.Asian Metal Copyright “We believed that the price for molybdenum powder may decline further in the future because of the sluggish demand and downward pressure on the upstream raw material price,” he added.Asian Metal Copyright Consumers are cautious to make purchases at present and the molybdenum powder price will still bear downward pressure due to the weak demand.

“We will purchase some molybdenum powder next week and received offers at around RMB143/kg (USD22.0/kg Mo) from suppliers yesterday. They may have marked the price down by RMB2-3/kg (USD0.Asian Metal Copyright0kg Mo from suppliers yesterday.Asian Metal Copyright31-0.46/kg Mo) in March,” said a molybdenum powder consumer in Central China.Asian Metal Copyright Consumers are cautious to make purchases at present and the molybdenum powder price will still bear downward pressure due to the weak demand.Asian Metal Copyright The source claimed that they purchased 15t of molybdenum powder 99.95% at RMB145/kg (USD22.3/kg Mo) in late February, up by RMB2/kg (USD0.31/kg Mo) from the figure before the Spring Festival.

The consumer mainly purchases molybdenum powder to produce molybdenum targets with a monthly consumption of 15-20t. They hold about 20t of molybdenum powder in stock at present.Asian Metal Copyright He said that the current purchasing is inactive and regular consumers usually purchase 2-3t at a time.Asian Metal Copyright “We believed that the price for molybdenum powder may decline further in the future because of the sluggish demand and downward pressure on the upstream raw material price,” he added.

“Our price for molybdenum powder 99.95%min has been stale at RMB140/kg (USD21.5/kg Mo) since the end of the Spring Festival, which has been lowered to around RMB137/kg (USD21.2/kg Mo) recently because some consumers intend to make purchases,” said a producer of molybdenum powder in Central China.Asian Metal Copyright5kg Mo since the end of the Spring Festival, which has been lowered to around RMB137kg USD21.Asian Metal Copyright He said that the current purchasing is inactive and regular consumers usually purchase 2-3t at a time.Asian Metal Copyright46kg Mo in March,” said a molybdenum powder consumer in Central China.Asian Metal Copyright He believed that the price for the material will remain stable in short time despite the downward trend.

With an annual capacity of 540t, the producer suspended production in February, which was resumed in early March. The output in March is expected to reach about 15t, stable from early January.Asian Metal Copyright He said that the current purchasing is inactive and regular consumers usually purchase 2-3t at a time.Asian Metal Copyright They also produce downstream molybdenum products like molybdenum plates and molybdenum rods, etc.Asian Metal Copyright They hold about 20t of molybdenum powder in stock at present.Asian Metal Copyright They hold 15-20t of molybdenum powder in stock at hand currently.
.Asian Metal Copyright95%min is RMB138-143kg, slightly down by RMB2kg from last week.Asian Metal Copyright

Molybdenum Oxide

57%min US

Unit:USD/lb
China's molybdenum concentrate producers' production capacity statistics by province by month
Unit: mt