Ammonium Heptamolvbdate Price - August 2, 2023

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices edge higher on August 3, 2023. 

Under the situation of relatively tight spot supply in the market, the holders basically have strong confidence in reluctance to sell and raise prices. In the short term, the industry will focus on the situation of steel bidding volume and price.

In the molybdenum concentrate market, the transaction price of products is basically above 4,000 yuan/ton Mo. With the support of the demand from ferromolybdenum merchants, the slowdown of production speed of some molybdenum mining enterprises, and the steady rise of international molybdenum prices, suppliers' quotations have been rationally raised.

In the ferromolybdenum market, the buying and selling atmosphere is active, mainly due to the fact that there are still many steel companies willing to bid for ferromolybdenum and some raw material suppliers are willing to ship. The current price of ferromolybdenum is approaching 270,000 yuan/ton.

In the market of molybdenum chemical industry and its products, the market is average. Under the contradiction between the rigid demand situation of end customers and the low willingness of upstream merchants to reduce prices, the prices of molybdenum chemical products such as molybdenum salt, molybdenum powder and molybdenum bar have no obvious fluctuations for the time being.

News: According to data from the National Bureau of Statistics, in the first half of 2023, the total profits of industrial enterprises above designated size across the country were 3,388.46 billion yuan, a year-on-year decrease of 16.8%. Among them, the total profit of electric power and heat production and supply industry increased by 46.5% year-on-year, the electrical machinery and equipment manufacturing industry increased by 29.1%, the oil and natural gas mining industry decreased by 12.2%, the non-metallic mineral product industry decreased by 26.6%, and the non-ferrous metal smelting and rolling industry increased. Industry decreased by 44.0%, chemical raw material and chemical product manufacturing decreased by 52.2%, ferrous metal smelting and rolling processing decreased by 97.6%.

Prices of molybdenum products on August 2, 2023

Picture of molybdenum rhenium alloy block 

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