Molybdenum prices stabilized at a high level, ammonium molybdate price gradually followed up

Key words: molybdenum, molybdenum concentrate, molybdenum iron, molybdenum oxide, ammonium molybdate, molybdenum products, molybdenum powder

Overnight MW quotation: $11.95-12.15 per pound for international molybdenum oxide (RMB 1794-1824 yuan/tonnage) and $29-29.2 per kilogram for European ferromolybdenum (RMB 110.85-1193 yuan/tonnage, 60%).

In the past two days, the transaction price of the main production area has also remained stable. The transaction price range is basically between 1870 and 1900 yuan / tonnage of cash, and the acceptance price of individual transactions is between 1975 yuan / tonnage. The tender for steel mills was light at the beginning of the month, and the ferromolybdenum market was calm. The mainstream trading price was between 134-139,000 yuan / ton. Ammonium molybdate enterprises continue to tentatively raise the offer, the current price of ammonium tetramolymolybdate in the first-class more than 133-135,000 yuan / ton, the mainstream enterprise transaction price to follow up to 131-133,000 yuan / ton. Since this week, most molybdenum powder enterprises have kept their quotations high, and the cost has greatly supported the price. At present, most of the first-class molybdenum powder enterprises offer more than 263-268,000 yuan / ton.

This week, ammonium molybdate enterprises continue to raise their quotations, and local buyers just need to buy up. At present, the price of primary ammonium tetramolymolybdate is mostly 133-135,000 yuan / ton, the transaction price of mainstream enterprises is followed up to 131-133,000 yuan / ton, ammonium dimolybdate is quoted at 135,000 yuan / ton, the transaction is followed up to 134,000 yuan / ton, secondary ammonium tetramolymolybdate is quoted at 126-128,000 yuan / ton, the actual transaction price is followed up to 126-127,000 yuan / ton.

Several environmental stringent checks have led to a significant reduction in the production capacity of highly soluble molybdenum trioxide and molybdic acid, raw materials difficult to replenish to give ammonium molybdate price support, some enterprises said that at this stage raw materials are hard to find in stock, and therefore low price to sell; downstream buy more just needed to promote price gradually follow-up.

At present, the domestic environmental inspection has been normalized, and the price of molybdenum concentrate is high and stable. It is expected that the quotation of ammonium molybdate enterprises will maintain a high level, pending the completion of the transaction to follow up.