Chinese molybdenum powder prices drop

BEIJING (Asian Metal) 9 Mar 23 - Due to the dropping raw material prices and rare inquiries in spot market, Chinese molybdenum powder market mentality kept negative during the past week.Asian Metal Copyright7kg in the following week.Asian Metal Copyright At present, the mainstream prices of Chinese molybdenum powder 99.95%min stand at RMB625-628/kg (USD89.Asian Metal Copyright They last sold 10t of molybdenum powder 99.Asian Metal Copyright8-90.2/kg) EXW D/A 180 days, down by RMB12/kg (USD1.7/kg) from late last week.Asian Metal Copyright8kg EXW DA 180 days now, some major clients even only agreed to buy at no more than RMB620kg USD89.Asian Metal Copyright Considering that most buyers prefer to watch the market and the soft market mentality continues, insiders expect that the mainstream prices of Chinese molybdenum powder 99.Asian Metal Copyright They expect to produce about 50t this month, almost the same as last month.Asian Metal Copyright95%min would drop further in the coming week.

"Molybdenum concentrate 45%min prices we inquired dropped below RMB5,100/mtu (USD33.2/lb Mo) EXW D/P now, and our regular clients all prefer to watch the market now. In order to promote sales, we could accept RMB625/kg (USD89.8/kg) EXW D/A 180 days for the moment," said a producer in South China.Asian Metal CopyrightBEIJING Asian Metal 9 Mar 23 - Due to the dropping raw material prices and rare inquiries in spot market, Chinese molybdenum powder market mentality kept negative during the past week.Asian Metal Copyright They just sold 20t of molybdenum powder 99.Asian Metal Copyright1kg," said a producer in North China.Asian Metal Copyright95%min at this price level about two days ago. However, they refused to accept any orders below RMB640/kg (USD92/kg) just one week before.Asian Metal Copyright95%min at any prices above RMB625kg USD89.Asian Metal Copyright Considering that most buyers prefer to watch the market and inquiries in spot market stay rare now, they believe that the mainstream prices of Chinese molybdenum powder 99.95% could decline to around RMB620/kg (USD89.1/kg) in the coming week.

With a production capacity of 5,000tpy, they produced about 3,840t in 2022 and about 800t in the first two months of this year. They expect to produce about 400t in March, the same as last month, holding around 100t of stocks for the moment, unchanged MoM.

"As raw material prices dropped, our regular clients refuse to purchase molybdenum powder 99.95%min at any prices above RMB625/kg (USD89.8/kg) EXW D/A 180 days now, some major clients even only agreed to buy at no more than RMB620/kg (USD89.1/kg)," said a producer in North China. In order to guarantee their sales volume, they could accept RMB625/kg (USD89.8/kg) for the moment.Asian Metal Copyright Considering that most buyers prefer to watch the market and the soft market mentality continues, insiders expect that the mainstream prices of Chinese molybdenum powder 99.Asian Metal Copyright They last sold 10t of molybdenum powder 99.95%min at RMB630/kg (USD90.5/kg) about one week ago.Asian Metal Copyright They expect to produce about 50t this month, almost the same as last month.Asian Metal Copyright In view of the current rare inquiries and negative market mentality, they expect that the mainstream prices of Chinese molybdenum powder 99.95%min would would move down by at least RMB5/kg (USD0.7/kg) in the following week.

With an annual production capacity of 2,400t, they produced about 800t in 2022 and a0t in the first two months of 2023. They expect to produce about 50t this month, almost the same as last month.Asian Metal Copyright In view of the current rare inquiries and negative market mentality, they expect that the mainstream prices of Chinese molybdenum powder 99.Asian Metal Copyright They have around 20t of stocks for the moment, up by about 10t MoM.
.Asian Metal Copyright95%min at RMB630kg USD90Asian Metal Copyright