Ferromolybdenum Industry Maintains Stable Profits with Minor Price Fluctuations

This week, the average cost in the ferromolybdenum industry was 242,465 yuan/ton, with an average profit of 36 yuan/ton and an average profit rate of 0.01%.

Throughout the week, molybdenum concentrate and ferromolybdenum tender prices for steelmaking remained basically stable. Steel plants maintained a steady pace in purchasing ferromolybdenum. The purchase and sales prices in the ferromolybdenum market fluctuated slightly, resulting in an average profit that remained unchanged compared to the previous week.