Molybdenum News Center

Sodium Molybdate Price – September 1, 2022.

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices edge higher in the first trading day in September 2022. 

Under the contradiction between the strong downstream demand and the tight spot supply of molybdenum raw materials, suppliers are generally reluctant to sell and have strong bullish sentiments, the trading activity on the market is relatively high, and the industry has great confidence in the future market.

In the molybdenum concentrate market, the supply is short as a whole. With the increasing enthusiasm of downstream users for inquiries and purchases and the low spot inventory of molybdenum concentrate, the price of molybdenum concentrate increased slightly to about 2,660 yuan/tonne. 

In the ferromolybdenum market, the situation is relatively optimistic. The "Golden Nine Silver Ten" season is approaching, both the volume and price of steel tender are rising, and the low-priced supply is difficult to obtain, which to a large extent supports the confidence of intermediate smelters in their quotations. 

In the market of molybdenum chemical industry and its products, the atmosphere of buying and selling on the market is general. Under the influence of the strong bullish sentiment in the upstream market, the quotations of molybdenum chemical companies have been slightly raised, but the demand from end customers needs to be followed up.

Prices of molybdenum products on Sep. 1, 2022

Picture of TZC piercing plug 

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