Ammonium Tetramolate Price

The latest price of molybdenum concentrate and ammonium tetramolate slightly recovers and ammonium tetramolate price is unchanged from previous session. After more than a week's adjustment, the market mentality becomes better, trading volume improves and price sees a steady recovery. The movement in the demand side needs to be followed.

Price of molybdenum products on Aug. 31, 2017

Molybdenum Oxide

Molybdenum Oxide is the chemical compound with the formula MoO3. It is a violet-colored solid and is a metallic conductor. It crystallizes in a monoclinic cell, and has a distorted rutile, (TiO2) crystal structure. In MoO2 the octahedra are distorted, the Mo atoms are off-centre, leading to alternating short and long Mo – Mo distances. The short Mo – Mo distance is 251 pm which is less than the Mo – Mo distance in the metal, 272.5 pm. The bond length is shorter than would be expected for a single bond. The bonding is complex and involves a delocalisation of some of the Mo electrons in a conductance band accounting for the metallic conductivity.

The major use of roasted molybdenite concentrate is to add molybdenum to steel produced in the electric arc furnace.The material may be added to the charge or to the molten bath. For the adjustment of the final analysis, the use of roasted molybdenite concentrate is not recommended.

For optimum recovery the following should be observed. If added with the charge, the roasted molybdenite concentrate containing packages should always be covered with scrap or liquid metal. If added to the bath, the product should be introduced under the slag level. If used in the electric arc furnace, direct contact with the electrodes should be avoided.

Molybdenum Price Analysis – Aug. 24, 2017

International, molybdenum price is declined as the demand has not yet recovered. The price of international molybdenum oxide has been slipping recently, thus beginning to show a certain impact on the mentality of Chinese. Fortunately, the decline will not create great impact to the Chinese market for the present due to a limited number of transactions. As of last night, the international price of molybdenum oxide fell to 8.05-5.2 USD/lb, and the European molybdenum price dropped to 19.9-20.1 USD/kg.

In China, molybdenum market becomes more active with the increase of ferromolybdenum biddings in steel enterprises and more production in large-scale molybdenum ores. For molybdenum concentrate, its market confidence is picking up, downstream enterprises wants to buy more products, market enquiries and transactions gradually increased, driven by new transactions in large mining enterprises. Markers have different views for molybdenum market, bulk cargo market is still stable and ferromolybdenum biddings in steel enterprises continue to increase. Most large-scale production enterprises are optimistic about the market late. Molybdenum chemical and deep processing market shows active driven by the transactions of upstream enterprises. Enterprises gradually begin to offer and the transaction remains to be started.

The views of our website: with the heavier turnover of fine molybdenum ore, Chinese molybdenum raw material stabilizes gradually. The molybdenum market remains uncertain factors, raw material transactions increase and market appears to stabilize. Ferromolybdenum market also needs little to recover. Chemical deep processing market may rise prices in the future. The current domestic market for molybdenum may stabilize and in line for some consolidation.

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