Ammonium Molybdate Price - October 20, 2022

Molybdenum market quotation in China: ferro molybdenum, ammonium molybdate and ammonium heptamolvbdate prices keep rising on October 20, 2022. 

Although downstream users' fear of high price has increased with the sharp rise in molybdenum prices in the early stage, most suppliers still have strong rised mentality due to the current high energy prices, limited increase in the supply of molybdenum raw materials and the good development of molybdenum downstream industries.

According to Chinatungsten Online, molybdenum is mainly used in the field of steel and new energy. In recent years, with the development of China's traditional infrastructure, real estate and water conservancy industries, the market demand for steel has also increased, and the amount of molybdenum has increased; with the development of aerospace, defense and military industries and many emerging industries, the application of special steel There are more and more fields, and the demand for molybdenum increases.

Prices of molybdenum products on October 20, 2022

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