[SMM Molybdenum spot KuaiBao] Molybdenum product price is high and fluctuates in a narrow range in the market.

Today, the mainstream transaction price of 45% molybdenum concentrate in the domestic market is 2340-2380 yuan / tonnage, up 5 yuan / tonnage compared with the previous Friday; the mainstream transaction price of 60% ferromolybdenum market is 155000-159000 yuan / base ton, which is stable compared with the previous day.

At present, the overall wait-and-see mentality of the market is relatively strong. On the one hand, it is due to the concentrated shipment of molybdenum mines at the end of July, the shortage of raw materials in the market has been alleviated to a certain extent, and the high price of 2340-2380 yuan / tonnage has caused certain pressure to downstream buyers, and downstream enterprises buy on demand.

On the other hand, the recent frequent news of stainless steel production restrictions has a certain negative impact on the market, the bidding of some steel mills has been affected, the turnover of bulk goods has decreased, steel mills buy on demand, the wait-and-see mentality has also been strengthened, and the price has immediately remained stable.

At present, the high market price has led to a certain degree of resistance in the lower reaches, and the overall transaction atmosphere has weakened. However, the strong overall demand, the extended overhaul of Jinduicheng and the end of the off-season in the international market form a certain support for prices, and prices are expected to be stable in the short term.