Chinese ammonium heptamolybdate market prices increase

BEIJING (Asian Metal) 23 Apr 24 - As most suppliers face increased prices for raw materials, Chinese ammonium heptamolybdate market prices increase in the past week. The current mainstream prices of Chinese ammonium heptamolybdate 54%min increase to RMB214,000-216,000/t (USD29,543-29,819/t) EXW D/A 180 days, up by RMB1,000/t (USD138/t) from late last week.Asian Metal Copyright "We would like to sell ammonium heptamolybdate 54%min at around RMB217,000t USD29,957t EXW DA 180 days and could accept RMB215,000t USD29,681t for orders no less than 5t at present, while we offered RMB215,000t USD29,681t and could consider RMB214,000t USD29,543t for the same quantity late last week", said another producer in Jiangsu, who last sold around 5t to a regular client at around RMB214,000t USD29,543t early last week.Asian Metal Copyright As most consumers come back to the market, insiders believe that the mainstream prices of Chinese ammonium heptamolybdate would increase further in the following days.

A producer in Anhui claims that they quote RMB215,000/t (USD29,681/t) EXW D/A 180 days for ammonium heptamolybdate 54%min and consider RMB214,000/t (USD29,543/t) if clients could purchase no less than 5t at present, while they would like to sell at around RMB214,000/t (USD29,543/t) and could accept RMB213,000/t (USD29,405/t) for the same quantity late last week. "Most clients become active in sending inquiries this week as they worry about the future supply", said the producer, who just bought around 20t of ammonium tetrathiomolybdate 56%min at around RMB220,000/t (USD30,371/t) early last week. They last sold around 5t at about RMB213,000/t (USD29,405/t) to a regular client early last week. As raw materials' prices show uptrend, the producer plans to raise their price by around RMB1,000/t (USD138/t) next week and predicts that the mainstream prices of Chinese ammonium heptamolybdate would increase by around RMB1,000/t (USD138/t) in the coming week.

Based on an annual production capacity of 1,200t, the producer expects to produce around 40t in April, in line with last month. They produced almost 520t in 2023 and nearly 130t so far in 2024.Asian Metal Copyright As most consumers come back to the market, insiders believe that the mainstream prices of Chinese ammonium heptamolybdate would increase further in the following days.Asian Metal Copyright They hold around 5t of stocks at the moment, down by 5t from last month.

"We would like to sell ammonium heptamolybdate 54%min at around RMB217,000/t (USD29,957/t) EXW D/A 180 days and could accept RMB215,000/t (USD29,681/t) for orders no less than 5t at present, while we offered RMB215,000/t (USD29,681/t) and could consider RMB214,000/t (USD29,543/t) for the same quantity late last week", said another producer in Jiangsu, who last sold around 5t to a regular client at around RMB214,000/t (USD29,543/t) early last week. As molybdenum concentrate 45%min prices increase to RMB3,400/mtu (USD21.1/lb Mo), the producer has confidence in the market and predicts that the mainstream prices of Chinese ammonium heptamolybdate would increase by around RMB1,000/t (USD138/t) in the following week.

With an annual production capacity of 720t, the producer expects to produce around 15t in April, unchanged from March. They produced almost 200t in 2023 and around 60t so far in 2024.Asian Metal Copyright As most consumers come back to the market, insiders believe that the mainstream prices of Chinese ammonium heptamolybdate would increase further in the following days.Asian Metal Copyright They hold about 10t of stocks at the moment, down by 5t from last month.

.Asian Metal Copyright Based on an annual production capacity of 1,200t, the producer expects to produce around 40t in April, in line with last monthAsian Metal Copyright