Ferromolybdenum is an alloy additive used in steelmaking, mainly composed of molybdenum, iron and some other impurities. Ferromolybdenum usually contains 55%-75% molybdenum, and general steel plants will choose ferromolybdenum 60%.
Characteristics of ferromolybdenum
The density of ferromolybdenum is 9.0-9.5g/cm³, and the melting point is about 1750-1980℃. Ferromolybdenum has excellent stability and durability in high temperature environments, and has good corrosion resistance and oxidation resistance.
Uses of ferromolybdenum
Ferromolybdenum is used in steelmaking and cast iron
- In the steelmaking industry, ferromolybdenum is an important additive in the steelmaking process. Adding molybdenum to steel can make the steel have a uniform fine-grained structure and improve the hardenability of the steel.Ferromolybdenum can also replace part of tungsten when manufacturing high-speed steel. Ferromolybdenum and other alloying elements can also produce stainless steel, heat-resistant steel, etc.
- In casting, adding ferromolybdenum can enhance the wear resistance and strength of castings. For castings with medium and large cross-sections, adding a certain amount of ferromolybdenum can form a collective pearlite structure.Commonly used in wear-resistant castings
Analysis of ferromolybdenum bidding prices in China
Last Friday, the opening bid price of ferromolybdenum was 237,500-239,500 yuan/ton, which continued to be weak. Trading volume in the bulk cargo market was light, with a strong wait-and-see atmosphere.
The bidding price of large steel mills has been reduced to 237,500-238,000 yuan/ton, and the increase in demand for ferromolybdenum is weak. However, the bulk market is supported by costs, and most factory quotations remain at 239,000-240,000 yuan/ton in cash, with very limited transactions.
The ferromolybdenum market is sluggish and after price fluctuations have narrowed, terminal procurement for immediate needs has been relatively active. The bidding volume of ferromolybdenum is close to 6,600 tons (including long-term contracts).
China’s ferromolybdenum price trend in November
Judging from the chart, China’s ferromolybdenum prices in 2024 have been on a downward trend from October to now.Among them ferromolybdenum the most recent value 238,500 yuan/ton,Minimum value 238,500 yuan/ton ,Highest value240,500 yuan/ton，average value 240,000 yuan/ton.
The price including tax of Mo35-40% molybdenum concentrate is 3660-3690 yuan/ton, the price of chemical molybdenum oxide including tax is 3760-3790 yuan/ton, the price of metallurgical molybdenum oxide is 3800-3830 yuan/ton, and the price of highly soluble molybdenum oxide is 3860 -3890 yuan/ton; ferromolybdenum retail cash quotation including tax is 238,000-240,000 yuan/ton (transaction guidance price is 237,000-239,000 yuan/ton), tax-included acceptance quotation is 240,000-242,000 yuan/ton (transaction guidance price is 239,000 yuan/ton) -241,000 yuan/ton); compared with last Friday, the market during the week was stable with a slight decline, but the overall room for decline is relatively small for the time being. Although the sentiment fluctuates, the impact is limited.