Molybdenum News Center

Ammonium Molybdate Price - October 27, 2021

Molybdenum market quotation: ammonium molybdate, molybdenum powder and molybdenum bar prices decline slightly on October 27, 2021 as the market lacks of liquidity. 

In the molybdenum concentrate market, the supply-demand relationship is in a weak balance. Although the production of molybdenum mining enterprises is still affected by the environmental protection and the tightening of power curtailment policies, it is still difficult to offset the damage caused by the sluggish downstream demand to traders. 

In the ferromolybdenum market, the overall performance remains weak, and the unsatisfactory volume and price of steel companies’ entry bidding is the main reason for the increase in the overall market’s negative sentiment. However, due to low ferromolybdenum spot positions and production costs, intermediate smelting companies have more room for profit. small.

In the molybdenum chemical and its products market, the market is temporarily stable. Under the influence of factors such as the difficult terminal rigid demand situation, the poor performance of the upstream market and the consolidation of the international molybdenum market, the quotations of holders are basically stable, while the order growth rate is slow.

In the news: In mid-October, the social stocks of five major types of steel in 20 cities were 10.17 million tons, a month-on-month decrease of 680,000 tons, a decrease of 6.3%; an increase of 2.87 million tons from the beginning of the year, an increase of 39.3%; a year-on-year decrease of 1.99 million tons, a decrease of 16.4% . In terms of different regions, Southwest China decreased by 280,000 tons, or 14.3% from the previous month; South China decreased by 150,000 tons, or 6.1%; North China, decreased by 90,000 tons, or 7.3%; East China, decreased by 70,000 tons, or 2.5%, and Northeast China, decreased by 4%. 10,000 tons, a decrease of 8.9%; Northwest China decreased by 40,000 tons, a decrease of 8.0%; Central China’s inventory remained flat month-on-month.

Prices of molybdenum products on October 27, 2021

Picture of molybdenum sheet 

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