Molybdenum News Center

Ammonium Molybdate Price - March 30, 2022

Molybdenum market quotation in China: ammonium molybdate, ammonium heptamolvbdate and molybdenum powder prices increase slightly on March 30, 2022 with the support of low spot inventory of molybdenum raw materials, the heating up of the steel tender market and the slow domestic and foreign logistics and transportation. 

In the molybdenum concentrate market, the overall wait-and-see atmosphere is strong, and the ferromolybdenum merchants remain rigid demand. Molybdenum mining enterprises have a weak awareness of taking the initiative to ship, which makes it difficult for the transaction volume and price to rise. According to Chinatungsten Online, the main factors affecting the difficulty in increasing the spot supply of molybdenum concentrate are the epidemic situation in many places, the rainy weather and the low import volume.

In the ferromolybdenum market, the product price is temporarily stable at around $29,032.3/ton. At the end of the month, most steel companies are willing to enter the market to bid for ferromolybdenum and low-priced sources are difficult to obtain. The total amount of ferromolybdenum and ferromolybdenum recruited in the month is about 12,000 tons.

In the market of molybdenum chemical industry and its products, there is generally a priceless market pattern. Driven by the high bullish sentiment in the upstream market, and in order to obtain more profits, the quotations of the holders have been raised, but the market demand is still exhausted.

In terms of news: From January to February 2022, my country exported a total of 8.234 million tons of steel, a year-on-year decrease of 18.8%. During the same period, the accumulated imported steel was 2.207 million tons, a year-on-year decrease of 7.9%; the accumulated imported steel billets and ingots were 1.66 million tons, a year-on-year increase of 2.6%.

Prices of molybdenum products on March 30, 2022

Picture of molybdenum bar 

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