Ammonium Heptamolvbdate Price - May 5, 2022

Molybdenum market quotation in China: ferro molybdenum, molybdenum oxide and ammonium heptamolvbdate prices remain stable on May 5, 2022. On the first day after the May Day holiday, many molybdenum mining companies have not fully resumed normal production and most steel companies have delayed bidding time, resulting in a low market heat. 

The prices of molybdenum concentrate and ferro molybdenum stand at 2,840 yuan/mtu and 186,000 yuan/ton respectively. At present, the industry is focusing on the quantity of steel recruiting molybdenum and ferromolybdenum this month.

In terms of news: In mid-April 2022, key statistics iron and steel enterprises produced a total of 22.3561 million tons of crude steel, 19.5614 million tons of pig iron and 21.5494 million tons of steel. Among them, the daily output of crude steel was 2,235,600 tons, an increase of 0.52% month-on-month; the daily output of pig iron was 1,956,100 tons, a month-on-month decrease of 0.39%; the daily output of steel was 2,154,900 tons, a month-on-month increase of 3.20%.

Prices of molybdenum products on May 5, 2022

Picture of molybdenum rod 

Follow our WeChat to know the latest molybdenum price, information and market analysis.

• < Prev
• Next >