Ammonium Heptamolybdate Price - Jan. 26, 2018

In Chinese molybdenum market, raw material supply is still tight, operating rate of mines is hard to increase in the short term and some trading companies who have strong willingness in shipments basically finish their annual sell target. As a result, molybdenum concentrate goods are limited at present. Steel biddings performing poorly weakens ferro molybdenum enterprises’ confidence and thus buy orders decrease. 

Some miners expressed that they still would like to selling products on condition that the price would not be decreased. At the same time, some other miners said that they will not sell when the price is lower. Most molybdenum manufacturers raise market quotation as they are confident of consuming in the spring. 50% molybdenum concentrate price stands at RMB 1,640-1,680/t; 40-50% molybdenum concentrate price is RMB 1,600-1,640/t.

Prices of molybdenum products on Jan. 26, 2018

 

Picture of ammonium heptamolybdate

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