Molybdenum News Center

Ammonium Molybdate Price - August 3, 2022

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices drop on August 3, 2022 mainly due to the decrease in both the quantity and price of steel, the poor performance of the international molybdenum market, the large stock of molybdenum raw materials in stock and the slow growth rate of the global economy. 

However, supported by the high production cost, the reduction in the output of domestic molybdenum production enterprises and the optimistic development prospects of the downstream molybdenum industries such as the military superalloy industry, there are still industry players who have great confidence in the market outlook.

According to Chinatungsten Online, the advent of the traditional consumption off-season and the implementation of the crude steel production reduction policy have largely inhibited the desire of steel companies to enter the market for consumption. In addition, they are facing a greater risk of cost-benefit inversion, and steel companies are generally more depressed. high. On the other hand, with the influx of international molybdenum raw materials into China and many central banks around the world raising interest rates for many times, most domestic molybdenum chemical companies have increased panic, so they basically reduce prices to go to warehouses.

In terms of news: According to data from the Raw Materials Industry Department of the Ministry of Industry and Information Technology, from January to June 2022, the national crude steel output was 527 million tons, a year-on-year decrease of 6.5%; of which, the June output was 90.73 million tons, a month-on-month decrease of 3.3%. According to the monitoring of China Iron and Steel Association, as of the end of June, China's comprehensive steel price index was 122.52, down 7.0% from the beginning of the year and 14.0% from the year's high.

Prices of molybdenum products on August 3, 2022

Picture of molybdenum boat 

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