Sodium Molybdate Price - Feb. 10, 2022

molybdenum plate image Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices are unchanged from the previous trading day. Affected by the imbalance of supply and demand, buyers and sellers have different attitudes when entering the market.

From the perspective of the supply side, although the international molybdenum price has been slightly lowered, which will help to increase the import of molybdenum raw materials in my country, it is still difficult to offset the rising momentum brought by the current domestic self-produced ferromolybdenum production significantly reduced to the market. According to Chinatungsten Online, since the holding of the Winter Olympics, the environmental protection control has been strengthened, which has caused many ferromolybdenum production enterprises to stop production and reduce production, which is conducive to the quotation of suppliers.

From the demand side, since the Spring Festival holiday has ended, downstream production enterprises have gradually resumed work and production, so the transactions of molybdenum products such as ferromolybdenum, ammonium molybdate, and molybdenum powder have gradually started, and the prices are considerable. The current transaction prices of ferromolybdenum, ammonium heptamolybdate and molybdenum powder are around RMB 165,000/ton, RMB 165,000/ton and RMB 311/kg respectively.

In terms of news: Statistics from the China Iron and Steel Association show that in late January 2022, the average daily output of pig iron in key steel enterprises was 1.7453 million tons, down 0.35% month-on-month and 9.11% year-on-year; in the same period, the average daily output of crude steel by key steel companies was 2,013,600 tons In the same period, the average daily output of steel by key steel enterprises was 1.9363 million tons, an increase of 0.92% month-on-month and a year-on-year decrease of 11.84%.

Prices of molybdenum products on Feb. 10, 2022

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