Chinese ammonium tetramolybdate prices down
2023-03-02 08:28:47 [Print]
BEIJING (Asian Metal) 2 Mar 23 - As raw material prices dropped, Chinese ammonium tetramolybdate consumers preferred to watch the market and the market mentality turned soft during the past week. At present, the mainstream prices of Chinese ammonium tetramolybdate 56%min stand at RMB340,000-342,000/t (USD48
"Raw material prices dropped due to the weak demand from terminal users, and we had to drop our ammonium tetramolybdate 56%min price to guarantee our market competitiveness. For firm bids, we could accept RMB340,000/t (USD48.9/kg) EXW D/A 180 days now," said a producer in North China. They last sold 10t of ammonium tetramolybdate 56%min at RMB350,000/t (USD50.3/kg) about 10 days ago. They major clients even refuse to purchase at any prices above RMB335,000/t (USD48.1/kg) for the moment. Considering that most buyers prefer to watch the market and the soft market mentality continues, they expect that the mainstream prices of Chinese ammonium tetramolybdate 56%min would move down to around RMB335,000/t (USD48.1/kg) in the coming week.
With an annual production capacity of 1,500t, they produced about 640t in 2022 and about 80t so far this year. They expect to produce about 40t this month, the same as last month, holding around 20t of stocks for the moment, unchanged MoM.
"Buyers all prefer to watch the market now as raw material prices dropped and none of our regular clients would like to purchase at any prices above RMB340,000/t (USD48.9/kg) EXW D/A 180 days for the moment," said another producer in North China. They just sold 15t of ammonium tetramolybdate 56%min at RMB340,000/t (USD48.9/kg) this Tuesday However, they refused to sell at any prices below RMB355,000/t (USD51/kg) just one week ago. Considering that the dropping raw material prices couldn't offer any effective support and inquiries in spot market stay rare now, they believe that the mainstream prices of Chinese ammonium tetramolybdate 56%min would move down about RMB5,000/t (USD0.7/kg) in the following week.
With an annual production capacity of 720t, they expect to produce about 50t this month, almost the same as last month. They have around 10t of regular stocks for the moment, unchanged MoM.
. 9-49.1/kg) EXW D/A 180 days, down by RMB13,000/t (USD1.9/kg) from late last week . Considering that inquiries in spot market stay rare and the negative market mentality continues, insiders believe that the mainstream prices of Chinese ammonium tetramolybdate 56%min would move down slightly in the coming week.
"Raw material prices dropped due to the weak demand from terminal users, and we had to drop our ammonium tetramolybdate 56%min price to guarantee our market competitiveness. For firm bids, we could accept RMB340,000/t (USD48.9/kg) EXW D/A 180 days now," said a producer in North China. They last sold 10t of ammonium tetramolybdate 56%min at RMB350,000/t (USD50.3/kg) about 10 days ago. They major clients even refuse to purchase at any prices above RMB335,000/t (USD48.1/kg) for the moment. Considering that most buyers prefer to watch the market and the soft market mentality continues, they expect that the mainstream prices of Chinese ammonium tetramolybdate 56%min would move down to around RMB335,000/t (USD48.1/kg) in the coming week.
With an annual production capacity of 1,500t, they produced about 640t in 2022 and about 80t so far this year. They expect to produce about 40t this month, the same as last month, holding around 20t of stocks for the moment, unchanged MoM.
"Buyers all prefer to watch the market now as raw material prices dropped and none of our regular clients would like to purchase at any prices above RMB340,000/t (USD48.9/kg) EXW D/A 180 days for the moment," said another producer in North China. They just sold 15t of ammonium tetramolybdate 56%min at RMB340,000/t (USD48.9/kg) this Tuesday However, they refused to sell at any prices below RMB355,000/t (USD51/kg) just one week ago. Considering that the dropping raw material prices couldn't offer any effective support and inquiries in spot market stay rare now, they believe that the mainstream prices of Chinese ammonium tetramolybdate 56%min would move down about RMB5,000/t (USD0.7/kg) in the following week.
With an annual production capacity of 720t, they expect to produce about 50t this month, almost the same as last month. They have around 10t of regular stocks for the moment, unchanged MoM.