What are the reasons for the increase in ferromolybdenum prices?
The reasons for the increase in ferromolybdenum prices may be as follows:
|
Ferro molybdenum FeMo composition (%)
|
||||||
|
|
Mo
|
Si
|
S
|
P
|
C
|
Cu
|
|
FeMo70
|
65-75
|
2
|
0.08
|
0.05
|
0.1
|
0.5
|
|
FeMo60-A
|
60-65
|
1
|
0.08
|
0.04
|
0.1
|
0.5
|
|
FeMo60-B
|
60-65
|
1.5
|
0.1
|
0.05
|
0.1
|
0.5
|
|
FeMo60-C
|
60-65
|
2
|
0.15
|
0.05
|
0.15
|
1
|
|
FeMo55-A
|
55-60
|
1
|
0.1
|
0.08
|
0.15
|
0.5
|
|
FeMo55-B
|
55-60
|
1.5
|
0.15
|
0.1
|
0.2
|
0.5
|
1. Supply and demand relationship: Ferromolybdenum is a rare metal with limited supply. If demand continues to increase and supply cannot keep up, the price of ferromolybdenum will rise.
2. Production costs: The production costs of ferromolybdenum include raw materials, energy, labor and other aspects. If these costs rise, manufacturers may increase ferromolybdenum prices in order to maintain profitability.
3. Geopolitical instability: The main producing areas of ferromolybdenum are countries such as China, the United States, Chile, etc. If political turmoil or war occurs in these regions, it will affect resource extraction and export, thereby driving up ferromolybdenum prices.
4. Global economic situation: Changes in the global economic situation will also affect the price of ferromolybdenum. For example, when the economy is in recession, demand decreases and prices fall; when the economy recovers, demand increases and prices rise.
In general, the reasons for the increase in ferromolybdenum prices are multifaceted, including supply and demand, production costs, geopolitics and other factors.