The price of 45-50% molybdenum concentrate is quoted at RMB 2,680-2,710/tonne, and 50-55% molybdenum concentrate is quoted at RMB 2,710-2,740/tonne, with a price reduction of RMB 40/tonne compared to yesterday; ferromolybdenum is quoted at RMB 182,000-185,000/tonne, with a price reduction of RMB 0.1-0.5 million/tonne compared to yesterday.
Molybdenum concentrate market just need to replenish】 Recently, the molybdenum concentrate market has producers to choose the opportunity just need to replenish, but the transaction price range is large. In the mine, there are high copper molybdenum concentrate sold at 2510 yuan/tonne, 40-45% grade molybdenum concentrate sold at 2690 yuan/tonne and 50-55% grade molybdenum concentrate sold at 2710 yuan/tonne. In the bulk market, molybdenum concentrate bargaining and transaction prices were in the range of RMB2,600-2,650/tonne. On the one hand, the downstream demand has gradually improved, overlapping with the high level of the holder is set, ultra-low price replenishment is more difficult. On the other hand, the domestic raw materials stage surplus, overlapping with the opening of the import window, the market is still weak sentiment. The bidding volume continues to increase, and the opening price is slightly down】 As of today, the total amount of mainstream steel mills bidding for ferromolybdenum is about 4,300 tons. The mainstream iron plant offer between 18-185,000 yuan/base ton, Hunan, Jiangsu steel mills open bidding price 18.15-183,000 yuan/base ton, bulk ferromolybdenum in the 18-185,000 yuan/base ton between a small number of transactions reached, steel invitations continue to increase, bidding prices slightly down, raw materials inventory is more, ferromolybdenum prices still have downward pressure, pay attention to the subsequent steel bidding situation. The molybdenum chemical market is weak】 The raw material market is weak again, the molybdenum chemical market confidence is frustrated, the first-class ammonium tetramolybdate mainstream offer 18.5-18.7 million yuan / ton, some companies suspended the offer, the downstream enterprises wait-and-see mood is strong, the overall performance is light. Molybdenum deep processing market is falling】 Cost support is weakening, coupled with weak terminal demand, the center of gravity of the molybdenum deep processing market continues to move down, the mainstream quotation of first-class molybdenum powder fell to 37-38 million yuan / ton, the holder’s confidence is not enough, the downstream enterprises cautiously wait and see. The international molybdenum price range stretched deal unfolded] Recently, the international molybdenum market exchanged price for volume, ushering in a wave of oversold after the immediate need for replenishment. Yesterday, Western molybdenum oxide at $16.3-17.45/lb molybdenum had a large number of transactions reached, Tianjin and Busan port transaction prices are mainly concentrated in $16.5-16.7/lb molybdenum, the total number of transactions in more than 200 tons, the center of gravity of the offer gradually moved up to $17/lb molybdenum, yesterday evening European time is also more active, enterprises choose the opportunity to replenish their positions. [I think] the recent market decline has slowed down, some enterprises choose the opportunity to enter the field, just need to replenish. On the supply side, the accumulation of domestic mine inventories overlaid with the opening of the import window, the pressure on the raw material side is still there. On the demand side, the downstream market weak recovery, enterprises choose the opportunity to import purchases. The contradiction between supply and demand is still there, pay attention to the recent mining and steel prices.
