[SMM Molybdenum spot KuaiBao] Molybdenum concentrate shipping sentiment increases molybdenum products stop rising and return to stability

SMM7 March 19: today, 45% molybdenum concentrate mainstream transaction prices are 2320-2350 yuan / tonnage, 60% ferromolybdenum mainstream transaction prices are 14.9-155000 yuan / base ton, prices are unchanged from last Friday.

Molybdenum concentrate: affected by the stabilization of ferromolybdenum prices, the mentality of both buyers and sellers in the market has changed, the seller's profit-taking mentality has been enhanced, mines and traders have shipped frequently, and the market supply has gradually increased. On the buyer's side, affected by the stagnant rising trend of ferromolybdenum and the increase in the supply of molybdenum concentrate, the buyer's wait-and-see mentality is enhanced and the transaction is more cautious. On the whole, the market gradually turns to the buyer's market, and the transaction price of molybdenum concentrate gradually moves down close to 2320 yuan / tonnage.

Ferromolybdenum: on the one hand, the bidding work of steel mills in some areas has been carried out steadily. Today, the tender price of a large steel plant in Zhejiang is still stable at about 153000 yuan / base ton, which forms a certain support for the price of ferromolybdenum. On the other hand, Henan, Shandong and other regions have successively issued notices of power and production restrictions for steel mills, coupled with the continuous decline in international ferromolybdenum prices, which have a certain negative impact on the market. Steel mills invite tenders on demand, the turnover of ferromolybdenum bulk goods decreases, and the market wait-and-see mentality strengthens. The price immediately stabilized.

At present, the overall divergence of the market is large, the long-empty interweaving is fierce, the buyer is ready to use, the overall wait-and-see mood is strong, and it is expected to fluctuate mainly in a narrow range in the short term.