Molybdenum News Center

Sodium Molybdate Price - January 14, 2020

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices rise slightly on January 14, 2021 when insiders show different attitudes towards the outlook.

In the molybdenum concentrate market, the overall transaction volume and price have risen. Although ferro-molybdenum merchants are generally motivated to receive goods, the quotations of large molybdenum mining companies have increased slightly due to the support of production costs. The current mainstream price of molybdenum concentrates is around 1,580 yuan/ton. 

The ferromolybdenum market is under greater pressure. Under the relatively sufficient ferromolybdenum inventory, the speed of steel companies entering the market for bidding has slowed down, which has increased the sales pressure of suppliers; in the molybdenum chemical industry and its products market, many molybdenum chemical companies suspended their quotations under the influence of the slight increase in international molybdenum oxide prices and domestic molybdenum raw materials prices because of weak terminal demand. At present, the industry is focusing on the new round of tenders for steel mills and the impact of the epidemic on the economy.

From January to November 2020, the key statistical steel enterprises produced a total of 624,662,800 tons of steel, an increase of 3.63% from last year; the cumulative sales of steel was 620,283,900 tons, an increase of 3.25% from last year. Among them, the cumulative domestic sales of steel products was 601.37 million tons, an increase of 4.64% from last year; the cumulative direct exports of steel products were 18,646,900 tons, a decrease of 27.64% from last year.

Prices of molybdenum products on January 14, 2020

Picture of molybdenum hanger

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