Rigid Supply Constraints Intensify Molybdenum Market Tug‑of‑War in Early September 【SMM Molybdenum Analysis】
【SMM Molybdenum Analysis 】 SMM News on September 3:
In August, China’s molybdenum market maintained a tight balance characterized by relatively tight supply and support from rigid demand. Overall prices rose first and then stabilized, consolidating at highs. 45% molybdenum concentrates shot up to 5,455 yuan/mtu during August 19–25, remaining firmly in the three-year high range; this simultaneously drove spot 60% ferromolybdenum to rise, reaching a phased high of 344,000 yuan/mt on August 24–25.