The price of 45-50% molybdenum concentrate is quoted at 2970-3000 yuan/ton degree, and 50-55% molybdenum concentrate is quoted at 3000-3030 yuan/ton degree, the price is flat compared with yesterday; ferromolybdenum is quoted at 195-205 thousand yuan/base ton, the price is flat compared with yesterday.
Molybdenum concentrate market is stable, and the price is stable】 Following the stable release of molybdenum concentrate market the day before yesterday, the molybdenum concentrate market is stable again. In Shaanxi, Jiangxi, Hunan, Henan area mines and traders 40-50% grade molybdenum concentrate, 2950-3000 yuan / tonne degree again release, the total volume of transactions in more than 600 tons, the downstream take relatively positive, some traders and production enterprises have started to enter the field to build positions. Some traders and producers started to enter the market to build up their positions. Stockholders’ sentiment of pity selling was raised, and the center of gravity of the offer was around RMB3,000/tonne. Steel mills tendering volume close to 9400 tons, ferromolybdenum quotes firm] As of today, the total amount of mainstream steel mills tendering ferromolybdenum is about 9400 tons. Mainstream iron mills offer between 205,000-210,000 yuan/base ton. Recently, steel mills in Shandong, Hunan and Hebei continued to enter the market to purchase ferromolybdenum, and some of them bargained around 193,000-196,000 yuan/base ton, and a steel mill in Shanxi bargained 193,000 yuan/base ton, and the actual settlement was to be confirmed, and the bulk ferromolybdenum inquiries and transactions were relatively active, and after a large number of steel mills entered the market and bulk goods were actively stocked, the mood of ferromolybdenum market improved significantly, and the steel tender volume also increased to 9,400 tons.
Molybdenum deep processing market spread】 The deep processing market followed the downward shift, the mainstream offer of first-class molybdenum powder fell to 40-415,000 yuan/ton, the offer situation of each enterprise varies, a single negotiation mostly, the acceptable bargaining space continues to widen, the steelmaking molybdenum bar inquiry positive, 410,000 yuan/ton has a deal reached, cautious wait-and-see mentality still exists. The international molybdenum market is stagnant and consolidating] After the domestic molybdenum market steel and raw material end gradually stabilized, the international market also began to gradually stop falling and consolidating, where the western molybdenum oxide continues to remain near $24-24.5/lb molybdenum, but because the previous day there are already some enterprises just need to purchase completed, yesterday the market inquiry and transaction performance is poor, buying in the continued wait-and-see stage. European ferromolybdenum prices remained low, and high prices rose slightly. I think] Recently, as the downstream steel moves continue to enter the market, the molybdenum market raw material end of a steady release of transactions, domestic and foreign molybdenum market sentiment has improved significantly, the market is gradually bottoming out, but the short-term significant counter-attack space and may also be small, the market is still to smoothly digest inventory, restore market flow as the main performance.
