Molybdenum News Center

Ammonium Molybdate Price - July 6, 2022

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices remain weak adjustment on July 6, 2022 with participants keeping cautious sentiment in trading.

From the perspective of the supply side, in the case of a large number of shipments in the early stage, due to the frequent influence of high temperature and heavy rain in the near future, the difficulty factor of many molybdenum mining enterprises has increased, resulting in a reduction in production and aggravating the problem of tight spot supply in the market. In addition, due to the high external geo-risk and the high international molybdenum price, the import volume of overseas mines is not large, which is also one of the reasons why the current market spot supply is difficult to increase.

From the perspective of demand, the bulk purchase of molybdenum raw materials in mid-June and the recent production and sales of crude steel in China are not very ideal, which are the reasons for the decline in the speed and tender price of ferromolybdenum steel companies entering the market recently. In addition, many buyers remain cautious in consumption when it is difficult for suppliers to stabilize prices and in order to avoid the risk of inversion.

In terms of news: data from the General Administration of Customs shows that from January to May 2022, the national output of pig iron and crude steel was 360.868 million tons and 435.016 million tons, down 5.9% and 8.7% year-on-year, respectively. During the same period, the country exported 25.91 million tons of steel, down 16.2% year-on-year; imported 4.98 million tons of steel, down 18.3% year-on-year.

Prices of molybdenum products on July 6, 2022

Picture of molybdenum sheet 

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