Molybdenum News Center

Ammonium Heptamolybdate Price - March 10, 2022

The whole China’s tungsten market starts to be strong again on March 10, 2022. Under the influence of factors such as mismatch between supply and demand and the warming of the international molybdenum market, traders are generally in a good mood, which makes the atmosphere of buying and selling in the market active and the market outlook is relatively optimistic. 

At present, the price of molybdenum concentrate is close to 2,600 yuan/ton, and the prices of ferromolybdenum and ammonium heptamolybdate have risen to about 174,000 yuan/ton and 170,000 yuan/ton respectively.

From the perspective of the supply side, first, due to the recent Two Sessions and the previous Winter Olympics, the environmental protection efforts have been in a strong state for a long time, resulting in limited production of some molybdenum mining enterprises and ferromolybdenum enterprises, so it is difficult to alleviate the pollution of molybdenum concentrate and ferromolybdenum; secondly, the great external geopolitical risks and the sluggish international logistics and transportation are not conducive to the increase in the import volume of molybdenum raw materials in China.

From the perspective of demand, first, the export of molybdenum products in Russia is restricted, and the demand for molybdenum by some overseas molybdenum downstream enterprises has begun to turn to China, which can increase the popularity of my country's molybdenum export market; second, in the case of increasing uncertainty in Russia and Ukraine, recently, steel companies are generally willing to bid for ferromolybdenum in order to prevent the supply of raw materials and the purchase of higher-priced molybdenum products in the later stage.

In terms of news: In February 2022, the national ex-factory price for industrial producers rose by 8.8% year-on-year and 0.5% month-on-month; the purchase price of industrial producers rose by 11.2% year-on-year and 0.4% month-on-month. On average from January to February, the ex-factory price of industrial producers rose by 8.9% over the same period last year, and the purchase price of industrial producers rose by 11.6%.

Prices of molybdenum products on March 10, 2022

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