Molybdenum iron steel has exceeded 10,000 tons in March 2022

According to the statistics of the past 5 years, March 2022 is the first month when it exceeds 10,000 tons. According to the statistics, the number of molybdenum iron steel recruits in March from 2018 to 2021 was 6500 tons, 8700 tons, 9200 tons and 9300 tons, showing an increasing trend. (The data marked in red in the above figure is the data of March in previous years) In previous years, April has always been the month with the highest annual bidding volume. According to the statistics, the number of molybdenum iron steel recruitment in April during the period from 2018 to 2021 is as follows: 11,300 tons, 11,600 tons, 11,700 tons, and 14,300 tons also showed an increasing trend.

Up to now, from January to March 2022, the cumulative amount of ferromolybdenum steel is about 26,800 tons, an increase of 4.9% over the same period last year. Since March has not yet ended, there are still steel mills continuing to enter the market in the later period. It is expected that the total amount of ferromolybdenum steel recruiting in the first quarter will eventually increase by about 6% compared with the same period last year, which is an obvious increase. The steady performance of ferromolybdenum consumption has also brought about a steady rise in molybdenum prices. According to the quotation, the price of ferro-molybdenum on March 22, 2022 was 178,000 yuan, an increase of 15.6% from 154,000 yuan at the beginning of the year; The price rose 53.7% to 109,300 yuan.

Inflation caused by supply chain problems in the periphery is still obvious recently, and the prices of many commodities are at a relatively high level as expected. Although the continuous falling limit of London nickel has a certain impact on the stainless steel market sentiment, the stable performance of the demand in the molybdenum market is the key factor for the high price of molybdenum. , under the background of continuous and stable monthly purchase of terminal demand, the molybdenum market continues to be in a stable operation trend, and the molybdenum market is still in good condition.