Chinese ammonium heptamolybdate market inquiries stay rare
2023-04-26 08:25:11 [Print]
BEIJING (Asian Metal) 26 Apr 23 - In view of the uncertain raw material prices, some Chinese ammonium heptamolybdate 54%min producers tried to increase their prices but most producers chose to watch the market due to the rare inquiries in spot market during the past week. At present, the mainstream prices of Chinese ammonium heptamolybdate 54%min stand at RMB173,000-175,000/t (USD25.4-25.6/kg) EXW D/A 180 days, unchanged from middle last week. Considering that few buyers would like to add inventory and the rare inquiries in spot market continues, insiders believe that the mainstream prices of Chinese ammonium heptamolybdate 54%min would stay in a stalemate in the coming week.
"Some raw material suppliers suddenly increased raw material prices by about 30% within one week, so we tried to increase our ammonium heptamolybdate 54%min price but no any buyers followed up. We even didn't receive any inquiries during the past week, but could receive at least one every week before April," said a producer in North China. They last sold 5t of ammonium heptamolybdate 54%min to one of their regular clients at RMB175,000/t (USD25.6/kg) Delivered D/A 180 days about one week ago. In order to guarantee their monthly sales volume, they could still accept this price level for the moment. Considering that most buyers prefer to watch the market and the rare inquiries in spot market continues, they predict that the mainstream prices of Chinese ammonium heptamolybdate 54%min stay soft in the coming week.
With an annual production capacity of 1,000t, the producer produced about 250t in 2022 and about 60t in the first quarter of 2023. They expect to produce about 20t in April, almost the same as March, holding around 5t of regular inventories now, unchanged MoM.
"Buyers all prefer to watch the market for the moment, and we could see little inquiries in spot market. For firm bids, we could accept RMB175,000/t (USD25.6/kg) EXW D/A 180 days now," said another producer in North China. However, they could receive at least two calls one week from potential buyers before April. They last sold 5t of ammonium heptamolybdate 54%min at this price level about 10 days ago. They contacted their major clients this Tuesday, but buyers' target prices only stayed at no more than RMB173,000/t (USD25.4/kg). In view of the uncertain rare material prices, they didn't accept. Considering that the rare inquiries in spot market continues, they predict that the mainstream prices of Chinese ammonium heptamolybdate 54%min would stay weak in the following week.
With a production capacity of 1,500tpy, they produced about 640t in 2022 and about 120t so far this year. They expect to produce about 40t this month, the same as last month. They have around 20t of stocks for the moment, unchanged MoM.
"Some raw material suppliers suddenly increased raw material prices by about 30% within one week, so we tried to increase our ammonium heptamolybdate 54%min price but no any buyers followed up. We even didn't receive any inquiries during the past week, but could receive at least one every week before April," said a producer in North China. They last sold 5t of ammonium heptamolybdate 54%min to one of their regular clients at RMB175,000/t (USD25.6/kg) Delivered D/A 180 days about one week ago. In order to guarantee their monthly sales volume, they could still accept this price level for the moment. Considering that most buyers prefer to watch the market and the rare inquiries in spot market continues, they predict that the mainstream prices of Chinese ammonium heptamolybdate 54%min stay soft in the coming week.
With an annual production capacity of 1,000t, the producer produced about 250t in 2022 and about 60t in the first quarter of 2023. They expect to produce about 20t in April, almost the same as March, holding around 5t of regular inventories now, unchanged MoM.
"Buyers all prefer to watch the market for the moment, and we could see little inquiries in spot market. For firm bids, we could accept RMB175,000/t (USD25.6/kg) EXW D/A 180 days now," said another producer in North China. However, they could receive at least two calls one week from potential buyers before April. They last sold 5t of ammonium heptamolybdate 54%min at this price level about 10 days ago. They contacted their major clients this Tuesday, but buyers' target prices only stayed at no more than RMB173,000/t (USD25.4/kg). In view of the uncertain rare material prices, they didn't accept. Considering that the rare inquiries in spot market continues, they predict that the mainstream prices of Chinese ammonium heptamolybdate 54%min would stay weak in the following week.
With a production capacity of 1,500tpy, they produced about 640t in 2022 and about 120t so far this year. They expect to produce about 40t this month, the same as last month. They have around 20t of stocks for the moment, unchanged MoM.
