[SMM Molybdenum spot KuaiBao] the molybdenum market has a favorable support and a lack of molybdenum price continues to stalemate.

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 yesterday.

Molybdenum concentrate: upstream mining enterprises and traders are still more positive, on the contrary, downstream enterprises are more cautious, the overall wait-and-see mood is strong, market turnover is light. Today, a large molybdenum mine in Heilongjiang has stopped production and maintenance due to equipment failure, which has a certain supporting effect on the price, but according to SMM, the maintenance time is only about 10 days, which has a limited impact on the market as a whole, the price rising power is insufficient, and the molybdenum concentrate price continues to be stable.

Ferromolybdenum: ferromolybdenum bidding continues steadily, and strong demand plays a supporting role in the market, but due to the influence of sufficient supply of molybdenum concentrate and continuous pullback in international molybdenum prices, the center of gravity of ferromolybdenum bidding in steel mills has gradually moved downwards. Recently, the opening price of Jiangsu and Hunan steel mills is about 153000 yuan / base ton, and ferromolybdenum manufacturers have a positive shipping attitude, which has a certain negative impact on the market, and ferromolybdenum prices are then stable.

At present, the domestic molybdenum market as a whole has entered a multi-empty stalemate, the overall trading atmosphere has weakened, and the buyer's wait-and-see mood has increased, but from July to August, major steel mills such as TISCO and Baowu may enter the market for bidding, which may become a key factor in activating the molybdenum city. Driven by this, the molybdenum city may usher in a new round of rise.