China Ammonium Heptamolvbdate Prices - June 26, 2019

Molybdenum market quotation in China: the latest prices of sodium molybdate, ammonium heptamolvbdate and molybdenum powder are unchanged from the previous trading day. Supported by firm molybdenum concentrate tungsten carbide burrs blank market, sellers were reluctant to reduce product prices despite of pressure of weak demand. The new offers for molybdenum concentrate from Heilongjiang large molybdenum mine stood at RMB 1,840-1,870/mtu, which boosted the whole market.

Ferro molybdenum market is still in a stalemate owing to strong raw material market but weak demand side. Trading volumes are hard to increase and most manufacturer wait for price and quantity of steel tenders at the end of this month. Molybdenum chemical and product market features low trading activity and capital shortage, and prices are limited by costs of raw materials.

Prices of molybdenum products on June 26, 2019

Picture of molybdenum carbide powder

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