Molybdenum Oxide and Ferro Molybdenum Price Snapshot: Historical Reference
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Recorded Quotations on February 24
The table below summarizes the molybdenum product quotations recorded on February 24th. Ferro molybdenum is quoted per kilogram, while molybdenum oxide is quoted per pound, following the convention used in international molybdenum trade.
| Product | Specification | Minimum Price | Maximum Price | Unit |
|---|---|---|---|---|
| Ferro molybdenum | Mo 65-70% | 92 | 94 | USD/kg |
| Molybdenum oxide | Mo 57% | 33.5 | 37.5 | USD/lb |
The spread between the minimum and maximum quotation reflects differences in grade, lot size, delivery location and transaction terms between buyers and sellers on the day of recording.
Understanding the Two Products
Molybdenum oxide, typically supplied at 57% molybdenum content, is the roasted intermediate obtained from molybdenum concentrate. It is used directly as an alloy addition in steelmaking and as feedstock for producing ferromolybdenum by aluminothermic or electric-furnace reduction. Ferro molybdenum with 65-70% molybdenum is the standard master alloy used by steel mills and foundries to add molybdenum to high-speed steels, tool steels, stainless steels and nickel-based superalloys.
Key Demand Drivers
Alloy and specialty steel production, which consumes most of the molybdenum supplied worldwide.
Oil and gas drilling, where molybdenum-bearing steels resist sour service and high temperatures.
Energy infrastructure, including power plants and wind towers, using high-strength low-alloy steels.
Chemical and catalyst applications, where molybdenum compounds are used in refining.
Historical Reference and Data Timeliness
The quotations on this page were recorded on February 24th and are retained for historical reference. They do not represent current market prices. Molybdenum markets are volatile: supply disruptions at major mines, changes in Chinese smelting activity, steel production levels and currency movements can shift quotations within days. For current levels, buyers should obtain live offers specifying the exact product grade, impurity limits, packaging and delivery terms.
FAQ
Q1: Why are ferro molybdenum and molybdenum oxide quoted in different units? International convention prices ferro alloys by weight in USD per kilogram and oxide intermediates in USD per pound; the two units reflect distinct market segments.
Q2: Is 57% molybdenum oxide the only commercial grade? No. Technical-grade oxide typically ranges from 57% to 60% molybdenum; the 57% grade is the most common basis used in published quotations.
Q3: Are these prices still valid today? No. The values are a historical snapshot from February 24th and are shown for reference only; market levels may have changed significantly.
Q4: How is ferro molybdenum used in steelmaking? It is added to the ladle or furnace to deliver molybdenum into the melt, improving hardenability, high-temperature strength and corrosion resistance.
Q5: What drives short-term molybdenum price movements? Concentrate supply, smelter operating rates, steel demand, energy costs and exchange rates are the main short-term factors.
