Molybdenum News Center

Ammonium Molybdate Price - February 4, 2021

Ferro molybdenum, ammonium molybdate and ammonium heptamolvbdate prices are unchanged from the previous trading day on February 4, 2021. Driven by the recent rise in international molybdenum prices, domestic molybdenum chemical companies have a high bullish sentiment. 

However, downstream users are not active in entering the market and control their positions rationally, so the orders are difficult to increase significantly. At present, the industry is focusing on the transaction volume and price of mainstream molybdenum mining companies and steel companies after the holiday.

According to preliminary data released by the US Census Bureau, US steel imports in 2020 fell 21.2% year-on-year to 22.019 million short tons. Among them, the import volume of finished steel was 16.139 million short tons, a year-on-year decrease of 23.3%. Except for the import volume of tin plate, which increased by 1.7% year-on-year to 768,000 short tons, the import volume of other steel products fell year-on-year.

Prices of molybdenum products on February 4, 2021

Picture of molybdenum powder

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