Molybdenum News Center

Sodium Molybdate Price - March 18, 2022

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices are in the upward trend in the week ended on Friday, March 18, 2022. 

Supported by factors such as the low stock of raw materials, the acceptable price of steel, tenders and the continuous introduction of favorable policies, traders generally have high enthusiasm for entering the market. Therefore, the trading atmosphere in the market is active, and many industry players are optimistic about the market outlook.

In the molybdenum concentrate market, the market is relatively optimistic, which is mainly reflected in the rapid growth of orders and the price of molybdenum concentrate. The price of molybdenum concentrate rose by as much as 5% this week. Due to the maintenance task, the current raw material spot position is low, and the willingness of downstream users to receive goods is high.

In the ferromolybdenum market, supply and demand are relatively balanced. Some upstream merchants are willing to take profits and steel companies have successively entered the market to bid for ferromolybdenum, which are the main reasons for the stable trading sentiment of intermediate smelters. In addition, supported by the jump in raw material prices, molybdenum Iron prices have also been raised.

In the market of molybdenum chemical industry and its products, there is a situation where there is a price but no market. Although the price of raw materials has increased significantly, the quotations of suppliers have also been raised, but the fear of high prices of end customers has also increased, which makes it difficult to increase the volume of transactions.

In terms of news: Statistics from the China Iron and Steel Association show that in February, the key iron and steel enterprises produced a total of 59.3639 million tons of steel, down 13.17% year-on-year, and the daily output was 2.1201 million tons, up 2.54% month-on-month; the production of pig iron was 52.3323 million tons, down 12.94% year-on-year. , Nissan produced 1,869,000 tons, an increase of 2.25% month-on-month; production of steel was 57,620,300 tons, down 11.05% year-on-year, and daily output was 2,057,900 tons, a month-on-month increase of 3.90%.

Prices of molybdenum products on March 18, 2022

Picture of molybdenum crucible 

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