Molybdenum News Center

December, 29th, 2015 Molybdenum Market Analysis

Molybdenum concentrates regular grade quoted price is at 720 RMB-740 RMB for each mtu and high grade molybdenum concentrates quoted price is at 740 RMB-760 RMB for each mtu. Molybdenum raw material market is stable and recently, molybdenum raw material tends to go up. At the present, ferro molybdenum quoted price is 54,500.00 RMB-55,000.00 RMB for each ton. However, the transaction volume of ferro molybdenum is not good than expected. Although the transaction of ferro molybdenum is not well but the price of it is not going to fall down. So recently, molybdenum market continues to go up with stable.
On the other hand, the last ten-day of a month, steel industries call for bids improve the confident of molybdenum market and it can support molybdenum market as well. So the raw material of molybdenum and ferro molybdenum will stable go up and downstream molybdenum series products manufacturers wait for market improve. The whole attitude of molybdenum series products market is optimistic.    
In the macroscopic aspect, China next year will employ tax reform which is to replace the business tax with a valued-added tax and construction industry and other industries first cover into this tax reform. Besides, the bank of China will continue to employ sound monetary policy. Abroad, the United Kingdom will become Europe’s largest economy within 15years.
The average market price of mainly molybdenum series product: molybdenum concentrate (content: ≥45%): 770.00 RMB/mtu; ferro molybdenum: 57,000.00 RMB/ton, sodium molybdate: 46,000.00 RMB/ton; molybdenum oxide (content: ≥51%): 840.00 RMB/ton; molybdenum bar (content: ≥99.95%): 187.50 RMB/kg; molybdenum powder: 150.00 RMB/kg; ammonium tetramolybdate (first class): 61,000.00 RMB/ton; ammonium heptamolybdate (first class): 70,000.00 RMB/ton.

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