Impressions on Attending the "Molybdenum Market Situation Analysis and Development Prospects" Conference
Recently, the authoritative information agency for the domestic tungsten, molybdenum, and vanadium industry, Yilian.com, organized a meeting at Jinzhou Jinxia Hotel on "Analysis of Molybdenum Market Situation in the First Half of 2017 and Prospects for Molybdenum Market Development in the Second Half of 2017". Su Guangquan, Vice General Manager of the company and Chairman of Tianqiao New Materials, led the sales personnel of Tianqiao to attend the meeting. Other major molybdenum enterprises in Northeast China, including Yichun Luming Mining, Chifeng Aolunhua Mining, and Jilin Daheishan Molybdenum Industry, were invited to attend the meeting.
A detailed analysis was conducted on the price trends of domestic molybdenum concentrate, ferromolybdenum, ammonium molybdate, and molybdenum powder in the first half of 2017 by Yilian.com. We learned from the report that in the first half of the year, Xinhua Long's domestic production and sales of ferromolybdenum, ammonium molybdate, and molybdenum powder all ranked among the top in the country, and the production and sales of ammonium molybdate remained among the top three in China. For the high-purity Molybdenum trioxide required by the desulfurization catalyst market of the entire petrochemical industry, Xinhualong has 60% of the market share.
During the meeting, Song Hui, the general manager of Tianqiao Sales Company, was invited to speak. He believes that due to the influence of national environmental supervision, some domestic molybdenum chemical manufacturers reduced or ceased production in the first half of the year. In this situation, the production and sales of ammonium molybdate in Xinhualong have bucked the trend and steadily increased, providing strong support and huge contributions to the domestic molybdenum chemical market. His viewpoint won unanimous approval and enthusiastic applause from the attendees.
According to comprehensive market analysis, the changes in the ferromolybdenum market in the first half of the year were relatively small, while the market inventory in the second half was relatively large; Due to our support from Xinhua Dragon, the price of ammonium tetramolybdate is relatively stable and has little fluctuation; The molybdenum powder market appears exhausted, with insufficient confidence on both supply and demand sides; The downstream market of molybdenum products is not good, leading to a decrease in molybdenum powder consumption. In this situation, the prospects of some molybdenum enterprises in Northeast China that are already in a loss making state are worrying.
The participation in the "Analysis of Molybdenum Market Situation in the First Half of the Year and Development Prospects for the Molybdenum Market in the Second Half of the Year" meeting on Yilian.com further helped us understand the leading position of Xinhua Long in the domestic molybdenum industry. These achievements cannot be separated from the efforts and contributions of Xinhua Long's people. Being on such a high-quality platform, we have no reason not to achieve results! In such an excellent team, we have no reason not to constantly improve ourselves! Come on, Xinhua Dragon! Come on, everyone of us!
