Details: Category: Molybdenum's News; Published on 27 August 2014; Written by jwy; Hits: 278

Molybdenum is mainly used in iron and steel industry, most of them are industrial molybdenum oxide after the briquetting directly for steel or cast iron, and some are melting into molybdenum iron for steelmaking. The molybdenum content in low alloy steel is less than 1%, but the consumption of molybdenum accounted for about 50% of the total consumption. Molybdenum is added to stainless steel, which can improve the corrosion resistance of steel.

At present, the price of 40-45% molybdenum concentrate is in 1330-1350 yuan/ton in domestic, molybdenum iron's quotation is in 94000-98000 yuan/ton, and spot price remains at 93000-94000 yuan/ton, over 60% molybdenum oxide's price is at 1410-1430 yuan/ton. In the side of molybdenum oxide, mainstream price in liaoning, shaanxi, henan, is in 1410-1430 yuan/tons.

Market is slightly weak, there is certain difficulty in increasing the volunm of dealing, but recently the dilemma is expected to be broken, and demand for molybdenum increased a little. Traders are willing to join into the market, and aim to looking for more potential customers on the basis of maintain existing customers.

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Molybdenum Price Remains Stable, Businessmen Intend to Expand the Market of It

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Molybdenum Price Remains Stable, Businessmen Intend to Expand the Market of It