Ferromolybdenum is an important alloy additive ,but Ferromolybdenum (FeMo)price is expensive . Usually Ferro moltbdenum can be divided to FeMo50 and FeMo60B, They said the molybdenum content was 50% or 60%. Ferromolybdenum is often used in steelmaking and casting due to its high temperature resistance and corrosion resistance.
Ferro molybdenum price from Zhenxin Metallurgy in China market
Around October 16, 2024: Chinese steel mills will hold ferromolybdenum bidding, and the price will be around 240,000 yuan. At that time, due to the high cost , ferromolybdenum manufacturers sold at low prices, and the ex-factory price increased slightly. The ferromolybdenum60 main quotation was around 242,000-245,000 yuan/base ton.
October 18, 2024: The market price of ferromolybdenum in major regions in China shows that the prices in Luoyang, Jinzhou, Luanchuan, Shenyang, etc. are all 244,000 yuan/60 basis tons, and the prices are relatively stable.
November 1, 2024: The ferromolybdenum60 recycling price is 180-190 yuan/kg, 180,000-190,000 yuan/ton.
Factors influencing China’s ferromolybdenum price
- Raw material cost
China is a major molybdenum ore producer. Luoyang Molybdenum, located in Luoyang City, Henan Province, China, is rich in molybdenum ore resources, so China don’t need rely on imports raw materials, which greatly reduces the production cost of ferromolybdenum. Therefore, to a certain extent, China’s ferromolybdenum prices are more advantageous.
- Steel industry needs
The demand for ferromolybdenum in the steel, casting and other industries will also affect the price of ferromolybdenum. If the steel industry demand increases and product prices rise, they may increase their purchases of ferromolybdenum and support ferromolybdenum prices.
- international economic form
International economic growth Slower or faster will also affect the price of ferromolybdenum. The global economic downturn will also lead to a reduction in demand for steel, so it will also reduce the demand for ferromolybdenum, so the price of ferromolybdenum will also decrease.
Today’s latest price of ferromolybdenum60 in China
Today’s ferromolybdenum price remains at 240,000-244,000 yuan/ton, and bulk cargo is in cash at 241,000 yuan/ton.
It is difficult to purchase raw materials at low prices. Terminal steel mills continue to release demand, and the price of molybdenum raw materials continues to rise. Ferromolybdenum lacks profit margins and is supported by costs. Short-term low-price procurement is not easy.
Zhenxin Metallurgical Hot Selling Ferromolybdenum60
Samples: Free
MOQ: 10 tons
Usage: Steelmaking and aerospace industry
Packing: Iron drum packaging, wooden box packaging, ton bag packaging
Size:0-3mm, 10-150mm, or as customers’ requirement
Zhenxin Metallurgical Materials Co., Ltd. is located in Qugou Town, Ferroalloy Production Town, Anyang City, Henan Province, China. We have rich product resources and rich export experience, providing samples and SGS testing.
