Ammonium Heptamolvbdat Price - Sep. 7, 2022

TZC piercing plug photo Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices edge higher on September 7, 2022. Under the relative tight supply, steel companies are willing to tender ferro molybdenum, and price and quantity are positive, which boosts market confidence to some extent. 

However, with the increase in the price of raw materials, the industry's worries about the market outlook have also increased. According to Chinatungsten Online, the main reasons for the lack of loose spot supply in the market are: the limited release of production capacity of most molybdenum production enterprises, the increase in demand from downstream users, and the low import volume of molybdenum raw materials.

In terms of news: In late August 2022, key statistics iron and steel enterprises produced a total of 22.3504 million tons of crude steel, 20.5769 million tons of pig iron and 22.2887 million tons of steel. Among them, the daily output of crude steel was 2,031,900 tons, an increase of 4.56% compared with the end of July; the daily output of pig iron was 1,870,600 tons, an increase of 4.51% compared with the end of July; the daily output of steel was 2,026,200 tons, an increase of 4.31% compared with the end of July.

Prices of molybdenum products on Sep. 7, 2022

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