Ammonium Molybdate Price - Feb. 27, 2018
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- Category: Molybdenum's News
- Published on 27 February 2018
- Written by may
- Hits: 248
Molybdenum concentrate price keeps firm in the Chinese molybdenum market. Raw material market becomes active and some of mines have received enquiries, but it is hard to reach a consensus on the price. 50% molybdenum concentrate was quoted at RMB 1,600-1,650/t and 40-45% molybdenum concentrate was quoted at RMB 1,550-1,560/t.
Ferro molybdenum price shows signs of rise amid the current price concentrate on RMB 10,800-11,300/t. As for steel mills, a steel factory in Hunan calls for bids 120 tons ferro molybdenum and another one in Jiangsu need the same quantity. Market participants are bullish on the price.
Under the high production cost, most downstream enterprises are high in spot costs and some of deals are following up. Part of large ammonium molybdate enterprises start to market shipments in a small amount. The first grade ammonium molybdate was quoted at RMB 10,900-11,100/t.
Prices of molybdenum products on Feb. 27, 2018
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