Molybdenum News Center

Sodium Molybdate Price - December 29, 2021

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices continue to keep stable on December 29, 2021.

 In the context of the end of Christmas and the approaching New Year's Day, traders are less motivated to enter the market, which makes the transaction less than expected and it is difficult to update the price of molybdenum products.

The molybdenum concentrate market is tepid. Although downstream users are not sentimentally receiving goods, supported by the lack of market stocks and the difficulty of increasing supply of raw materials in the short term, molybdenum mining companies generally have a strong sense of price.

In the ferro-molybdenum market, new orders are scarce, upstream merchants are less willing to sell at low prices, and steel companies’ demand is low, which are the main reasons for the increase in the wait-and-see psychology of intermediate smelting companies. The current industry is focusing on the performance of the steel recruitment market after the new year. condition.

The overall performance of the molybdenum chemical industry and its products market is stable. In the case of lower speculative sentiment in the upstream market, it is a bit difficult for molybdenum chemical companies to raise their quotations. However, some end customers are still willing to enter the market for inquiries and purchases. 

In the news: in 2021, Hebei Province will reduce crude steel output to 21.71 million tons, accounting for 72.4% of the country's total reduction. It is estimated that the industry will be reduced by about 3 percentage points. From January to November, the output of high value-added products such as hot-rolled sheet, cold-rolled sheet, and cold-rolled thin and wide steel strip increased by 109.2%, 40.8%, and 40.2% respectively year-on-year, driving the added value of the black rolling industry in the province to only drop 0.6%

Prices of molybdenum products on December 29, 2021

Picture of ferro molybdenum

Follow our WeChat to know the latest molybdenum price, information and market analysis.

• < Prev
• Next >