BEIJING (Asian Metal) 25 May 23 – Supported by raw material price rise, Chinese ammonium tetramolybdate market mentality went strong gradually over the past week despite the rare inquiries in spot market. Currently, the mainstream prices of Chinese ammonium tetramolybdate 56%min stand at RMB230,000-232,000/t (USD32.7-33/kg) EXW D/A 180 days, up by RMB10,000/t (USD1.4/kg) from late last week. Considering that most producers prefer to hold back from selling due to the unlocked raw material prices, they predict that the mainstream prices of Chinese ammonium tetramolybdate 56%min would move up slightly in the coming week.
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