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Rooted in the Millennia-old Imperial Capital, Deep-exploring Strategic Molybdenum Resources

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Ferromolybdenum costs have edged up, and market quotations remain relatively firm.

Today, mainstream ferromolybdenum quotes remain steady at RMB 224,000–231,000 per tonne. Steel tender prices have edged up slightly in some regions; yesterday’s tender range was RMB 223,000–227,500 on a banker’s acceptance basis. Overall, securing purchases at lower price levels remains somewhat challenging, while ferromolybdenum prices are trending steadily higher. Tender prices for ferromolybdenum have changed little, yet mills show limited willingness to supply at low price points. Following inquiries yesterday, Jiangsu steelmakers mostly quoted cash prices of RMB 225,000–226,000. Meanwhile, in the spot market, retail transactions at cash prices of RMB 226,000–228,000 have been quietly concluded. With raw material costs rising once again, ferromolybdenum prices continue to find solid support, and with end‑user steel mills persisting in their purchasing activity, market quotations remain firm as traders await follow‑up from steel tenders.

2023

09-05

The order of adding various ferroalloys during steelmaking—once you see it, you’ll be amazed! (I)

The sequence for adding ferroalloys is as follows: first, add those with weak deoxidizing power, then proceed to those with stronger deoxidizing power. Typically, alloy additions are initiated after slag removal has been completed and the carbon‑boosting operation has been finished, once a portion of the slag has been added to form a reducing slag. The specific requirements for adding different alloys are as follows:

2023

09-05

The order of adding various ferroalloys during steelmaking—once you see it, you’ll be amazed! (II)

Vanadium‑iron should be added during the reduction phase. Due to vanadium’s strong affinity for oxygen, it readily oxidizes; therefore, it cannot be introduced during the oxidation phase and must be added only after the slag and molten steel have been effectively deoxidized in the reduction stage. Moreover, the addition of vanadium‑iron makes the molten steel highly susceptible to absorbing atmospheric nitrogen, which can degrade steel quality; hence, it should not be added prematurely but rather just before tapping. However, since vanadium‑iron requires a certain amount of time to melt, it should be charged 10–35 minutes prior to tapping. When the charge is small, the timing should be set toward the lower end of this range; for larger charges, the upper-middle range is appropriate. The recovery rate of vanadium‑iron is comparable to that of ferrosilicon.

2023

09-05

The order of adding various ferroalloys during steelmaking—once you see it, you’ll be amazed! (III)

Titanium burn-off is primarily governed by the slag; thus, when the slag volume in the furnace is low, its impact is minimal and the recovery rate remains relatively stable. When the slag quantity is substantial, slag deoxidation is effective, and slag fluidity is appropriate, titanium burn‑off is also low and consistent. Conversely, if the slag volume is excessive and its condition is poor, titanium burn‑off becomes significant and highly unstable. If the slag is too dilute, the interaction between ferrotitanium and the slag intensifies, leading to a decline in recovery; however, if the slag is overly viscous, ferrotitanium tends to float on the slag surface, resulting in increased burn‑off and reduced recovery. Poor slag deoxidation, with high iron oxide content, causes substantial oxidation losses of titanium and lowers the recovery rate. High temperatures—especially elevated slag temperatures—promote ferrotitanium burn‑off and reduce recovery. Moreover, when the steel contains a high titanium content, the recovery rate is correspondingly high; similarly, a higher concentration of other deoxidizing elements in the steel also enhances recovery. For instance, pre‑inserting aluminum–titanium before adding titanium can further improve and stabilize the recovery rate. Adding ferrotitanium directly at the furnace top, leveraging gravity, allows it to enter the molten steel more efficiently, thereby boosting the recovery rate.

2023

09-05

Post-holiday ferromolybdenum prices have continued to climb, hitting a new record, and demand for molybdenum-containing steel may keep rising in the coming period.

According to eCompany, data released by Zhuochuang Information show that following the Spring Festival holiday, international molybdenum prices have continued to climb. With the export window now open, domestic molybdenum prices have followed suit, reaching a 17-year high in just half a month. In the ferromolybdenum market, current producer quotes have mostly risen to above RMB 400,000 per tonne. On the raw‑material front, several overseas copper‑molybdenum co‑producing mines are experiencing declining ore grades, leading to a contraction in global molybdenum supply. Domestically, there are currently no significant plans for capacity expansion, and output is expected to remain relatively stable going forward. As a result, raw‑material supply is likely to remain tight in 2023. Demand-side, with the government promoting high‑quality development, demand for molybdenum‑containing steels is expected to keep rising. Coupled with a projected increase in stainless‑steel production in 2023, overall molybdenum demand will grow, providing solid support for the molybdenum market.

2023

09-05

Ferromolybdenum costs have edged up, and market quotations remain relatively firm.

Today, mainstream ferromolybdenum quotes remain steady at RMB 224,000–231,000 per tonne. Steel tender prices have edged up slightly in some regions; yesterday’s tender range was RMB 223,000–227,500 on a banker’s acceptance basis. Overall, securing purchases at lower price levels remains somewhat challenging, while ferromolybdenum prices are trending steadily higher. Tender prices for ferromolybdenum have changed little, yet mills show limited willingness to supply at low price points. Following inquiries yesterday, Jiangsu steelmakers mostly quoted cash prices in the RMB 225,000–226,000 range. Meanwhile, in the spot market, retail transactions at cash prices of RMB 226,000–228,000 have been concluded in small volumes. With raw material costs rising once again, ferromolybdenum prices continue to find solid support, and with end‑user steel mills persisting in their purchasing activity, market quotations remain firm as traders await follow‑up from steel tenders.

2023

09-05

Molybdenum concentrate and ferromolybdenum prices both surged 57%, while Jinmolybdenum Co., Ltd. posted a first-half profit forecast of nearly RMB 1.5 billion.

The decline in molybdenum prices this March led to a quarter-on-quarter drop in Jinmolybdenum Co., Ltd. (601958.SH)’s second-quarter earnings. However, amid a sharp rise in molybdenum prices during the first half of the year, the company’s current‑period profits are expected to surpass its full‑year 2022 results. On the evening of July 10, Jinmolybdenum released an earnings forecast, projecting net profit attributable to shareholders between RMB 1.33 billion and RMB 1.53 billion—up roughly 100.01% to 130.09% year over year. Explaining the change in performance, the company stated: “International molybdenum prices have remained volatile at high levels, with major molybdenum product prices rising year over year. The company has seized market opportunities and actively organized and scheduled production…”

2023

09-05

“Blood Donation Saves Lives—An Unparalleled Honor”: Longyu Molybdenum Co., Ltd. Organizes a Voluntary Blood-Donation Service Event

Voluntary blood donation is a vital public‑health initiative that safeguards the lives and well‑being of the people and ensures urban public safety, making it an essential component of social welfare. On September 1, the Longyu Molybdenum Industry Trade Union and the Youth League Committee mobilized more than 40 volunteers from various units to participate in Luanchuan County’s 2023 voluntary blood‑donation drive, holding service activities at the County Geology Square and the Lengshui Town Cultural Square, thereby vigorously promoting the spirit of social responsibility—“donating blood to save lives is the highest honor.”

2023

09-01

Pursuing the Dawn of Revolution and Inheriting the Red Gene — The Party Branch of Shenglong Company’s Headquarters Organized an Immersive Red Drama-themed Party Day Activity Featuring “Dawn”

To commemorate the revolutionary martyrs, continuously strengthen Party members’ ideological and political cultivation, and inspire all Party members’ love for the Party and the country, on the morning of August 31, all Party members of the Shenglong Company’s机关 branch went to the Luoyang Red Immersive Theater to carry out a themed Party Day activity titled “Chasing the Dawn of Revolution, Inheriting the Red Gene,” where they watched the immersive red drama “Dawn.”

2023

08-31

Measures for the Management of the List of Subjects with Serious Dishonesty in Production Safety

In order to strengthen the construction of a credit system in the field of work safety and to standardize the management of the list of entities with serious breaches of trust in work safety, these Measures are formulated in accordance with the Work Safety Law of the People’s Republic of China and other relevant laws and administrative regulations.

2023

08-08

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