Molybdenum News Center

Ammonium Heptamolybdate Price –Dec. 20, 2017

Considering the tight supply of spot goods in tungsten concentrate market, miners rised mentality is stronger, selling part of molybdenum concentrates in advance. Sellers in the market are now bullish on product prices. 45-50% molybdenum concentrates were quoted at RMB 1,440-1,460/tonne.

The quantity of steel biddings increases in the ferromolybdenum market. Two steel biddings in Jiangsu and Hubei province plan to purchase 640 tones of ferro molybdenum with acceptance price of RMB 98,000/t. meanwhile, a steel mill in Jiangxi province calls for bids of 460 tones of ferro molybdenum with acceptance price of RMB 98,000/t. large steel companies come into the market to purchase ferro molybdenum one by one, and market stocks are consumed, boosting ferromolybdenum market.

Due to the rise of raw material price, domestic large molybdenum chemical and deep processing factories increase their quotations. Ammonium tetramolybdate, ammonium heptamolybdate and molybdenum powder prices rise slightly, as well as transaction prices. Under the balance of supply and demand at home and abroad, manufacturers sell their products at low price.

Taken together, the sharp increase of raw material improves market activeness.  And with the support of high costs, market quotation rises. Insiders will gradually accept the high raw material prices as downstream enquiry is following up. 

Prices of molybdenum products on Dec. 20, 2017

Picture of ammonium heptamolybdate

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