[Ferro-Alloys.com] 

Molybdenum runs smoothly

Molybdenum market newsletter：                                                                                 unit:10,000 yuan/ton

                                                                                                                                            unit:1,000 yuan/ton

The domestic molybdenum alloy market is running smoothly this week,The rise of international molybdenum price has aroused the enthusiasm of the market, but as the new round of steel factory bidding has not yet begun, the overall market is still in a wait-and-see state. As of Friday, the domestic price of ferromolybdenum 60# is 96,000-97,000 yuan/ ton; the price of molybdenum concentrate 40%-45% is about 1,430-1,450 yuan/ton; the mainstream price of molybdenum oxide is 1,500-1,520 yuan/ton. Due to the decrease of raw material cost of molybdenum iron production, the price of molybdenum iron is reduced slightly, and the market price of molybdenum concentrate and molybdenum oxide is relatively stable. The epidemic affected a mine in Inner Mongolia to stop the sale of molybdenum concentrate, which will affect the molybdenum concentrate market. At present, the price of molybdenum concentrate is stable at about 1440 yuan / ton. Affected by the news that some molybdenum mining enterprises will suspend shipment, the international market has begun to become active, the inquiries of domestic molybdenum enterprises have increased, and the future shipment situation of molybdenum mining enterprises and the bidding price dynamics of steel mills still need to be paid close attention to.

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• [Editor:wenxin]