Industry news: weekly average price fluctuations of major molybdenum products (March 7-March 11, 2022)

Molybdenum price both at home and abroad rose last week, among which the price of ferromolybdenum increased significantly, and the price of ferromolybdenum in Europe continued to lead the world. Molybdenum price at home and abroad slowed down on Thursday and Friday.

The fluctuation of the average price of molybdenum products last week (March 7-March 11, 2022) is as follows:

The weekly average price of 45-50% molybdenum concentrate last week was 2534-2554 CNY, up 2.58% from the previous week (the average price of the previous week was 2470-2490 CNY).

The weekly average price of 60% ferromolybdenum was 170,400-174,400 CNY, up 3.11% from the previous week (the average price of the previous week was 165,200-169,200 CNY).

The weekly average price of primary ammonium tetramolybdate was 164,600-166,600CNY, up 1.6% from the previous week (the average price of the previous week was 162,000-164,000 CNY).

The weekly average price of first-grade molybdenum powder was 319,400-324,400 CNY, up 1.39% from the previous week (the average price of the previous week was 315,000-320,000 CNY).

The weekly average price of international molybdenum oxide was US$19.14-19.33, up 1.96% from the previous week (the average price of the previous week was US$18.75-18.98).

The weekly average price of ferromolybdenum in Europe was US$46.31-46.59, up 4.68% from the previous week (the average price of the previous week was US$44.1-44.65).