Molybdenum News Center

Ammonium Heptamolybdate Price - July 29, 2021

China’s domestic molybdenum market as a whole shows a stable but strong pattern on July 29, 2021. Under the tight spot supply of some products and steady downstream demand, traders generally have a stable mentality and have greater confidence in the market outlook.

In the molybdenum concentrate market, the transaction volume and prices have risen. Under the situation of low raw material inventory, downstream users' inquiries have increased. This is the main reason for the increase in profitability of molybdenum mining companies and the price rise to 2,400 yuan/ton. 

In the ferromolybdenum market, the overall activity has increased slightly. At the end of the month, the enthusiasm of steel companies for bidding and the price of molybdenum concentrates are still strong, prompting intermediate smelting companies to increase their quotations; in the molybdenum chemical industry and its products market, driven by the strong bullish sentiment in the upstream market, the consumer market has gradually turned to the seller's market, and the prices of molybdenum powder and ammonium heptamolybdate have risen to around RMB 312/kg and RMB 160,000/ton respectively.

In the news: in the first half of 2021, China's stainless steel crude steel output was 16.243,000 tons, a year-on-year increase of 20.82%; of which, the 200 series was 5.0788 million tons, an increase of 21.67% year-on-year, the 300 series was 7,711,600 tons, an increase of 17.02%, and the 400 series was 3.321 million tons. 28.28%, 131,700 tons of duplex steel increased by 44.69% year-on-year.

Prices of molybdenum products on July 29, 2021

Picture of molybdenum plate 

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