Molybdenum News Center

Sodium Molybdate Price - January 28, 2021

Sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices in the Chinese market remain stable on January 28, 2021. 

In addition to increased quantity of steel tenders to benefit the market, stricter environmental inspection, power and gas restrictions reduce the operating rate of molybdenum mining companies to a certain extent, which in turn boosts traders’ confidence in price. 

It is worth noting that due to the approach of the Spring Festival holiday, in order to ensure the normal production and operation of enterprises, the demand of end customers has increased, and the growth rate of orders for molybdenum chemical products increases.

In 2020, a total of 53.67 million tons of steel was exported across the country, a year-on-year decrease of 16.5%; a total of 20.23 million tons of steel was imported, a year-on-year increase of 64.4%. The net export of steel products for the whole year of 2020 is 33.44 million tons; if the increase in imported steel billets is considered, China's net export of crude steel in 2020 will drop 67.6% year-on-year.

Prices of molybdenum products on January 28, 2021

Picture of molybdenum powder

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