[SMM Molybdenum spot KuaiBao] frequent trading of molybdenum concentrate and high raw material prices support the rise in ferromolybdenum prices

SMM7 March 15: today, the transaction price of 45% molybdenum concentrate is 2320-2350 yuan / ton, which is stable than yesterday; 60% ferromolybdenum transaction price is 15.2-156000 yuan / base ton, up 1000 yuan / base ton compared with yesterday.

According to SMM, after a molybdenum mine in Henan sold more than 800 tons of molybdenum concentrate at auction on July 13, a molybdenum mine in Jiangxi sold 150 tons of molybdenum concentrate on July 14 at a transaction price of 2340 yuan per ton. SMM also learned that some domestic mines also have plans to sell today. As the current molybdenum concentrate price is running at a high level, most production and trading enterprises begin to choose profit understanding, the shortage of raw materials in the market has been alleviated to a certain extent, and the overall trading atmosphere is hot.

In terms of ferromolybdenum, the demand of steel mills is still hot, most steel mills still maintain high production capacity, the demand for ferromolybdenum is relatively large, and the price of molybdenum concentrate remains high, and the bidding price of steel mills continues to rise. The tender price of a steel plant in Shandong rose to 155000 yuan / base ton today.

In the short term, the market as a whole is still in the seller's market, the supply of molybdenum concentrate and ferromolybdenum is relatively tight, the downstream purchasing is active, some downstream molybdenum deep processing enterprises also have price increase plans, the market sentiment is stable and good, and short-term prices are expected to continue to rise.