Molybdenum News Center

Molybdenum chemical market weekly commentary

Last week, domestic molybdenum materials market kept down in early days then turn to stability later, main reason is that international molybdenum price downturn by transition to rebound slightly, domestic molybdenum market participants restored confidence, and they will not offer the low price, and the space of molybdenum raw material prices decline. Up to Friday, 40% grade molybdenum concentrate including tax price stable at 1530-1550 yuan/mtu. Chemical market showed the same situation, but the whole market transaction

has not been prosperous.

In chemical raw materials market, molybdate price has been adjusted at 1580-1630 yuan/mtu, the market still lacks of substantive deal, chemical molybdenum oxide price decreased slightly to 1580-1610 yuan/mtu, but the market transaction amount is very rare.

In ammonium molybdate market, at the first of this week, ammonium tetramolybdate in main producing areas, its market price dropped to 110000-113000 yuan/ton, but on the basis of stable raw material, the price also has not been adjust, one grade ammonium molybdate was offered at  108000-110000yuan, secondary ammonium tetramolybdenum price is 102000- 104000 yuan/ton, because of less market demands, transaction is still few.

Because of difficult to statistics for sodium molybdate and other products transactions, so price hasn't been adjusted. Sodium molybdate price is near to 76000-78000 yuan/ton. High pure molybdenum trioxide was offered at 132000-134000 yuan/ton, transaction condition still has not been changed.

At present, the upstream market temporarily keeps stable, but whether after-market will enable a breakthrough is still unknown. And downstream products market demand is still very weak, now it's unable to recover in short term, as an intermediate product in chemical industry, it is expected that the market still faces some test, and may be smooth and weak.

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