Molybdenum News Center

Ammonium Heptamolybdate Price - Jan. 05, 2018

Molybdenum market quotation: as supply of molybdenum raw materials are tight while demand is strong, sellers are more reluctant to sell, thus market price is rising. The latest price of ferromolybdenum, molybdenum concentrate, ammonium molybdate, and ammonium heptamolybdate rises slightly.

Most mines with low level of stocks are producing according to their previous orders or long-term orders. Also, as details for implementing taw law of environmental protection has not yet released, most miners are still bullish on the afternoon market.

As for steel mills, they are active to call for bids to stock up ferromolybdenum. But spot goods are less in the market, and some manufacturers even stop quotation, which will further promote ferromolybdenum price upward. 

Affected by whole trend of market trend, molybdenum powder enterprises also raise product prices as well as terminal enterprises. Part of manufacturers is following the latest transaction prices and releasing a price increase note.

In the long term, shortage of raw material will continue and demand also will be strong. As a result, enterprises in the market will keep raising prices. Profit-taking of some traders at the year-end may affect the current market. In the short term, more favorable factors in the molybdenum market will keep price maintain upward trend. 

Prices of molybdenum products on Jan. 05, 2018

Picture of ammonium heptamolybdate

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