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[SMM Molybdenum spot KuaiBao] the molybdenum market moves forward smoothly in the long-empty game.
Jul 22,2021 15:49CST
Translation
Source:SMM
According to SMM, the total tender volume of steel mills from July 8 to 15 is about 2900 tons, while that of steel mills from 15 to 22 (today) is only about 2000 tons. The weakening demand suppresses the rise in ferromolybdenum prices to a certain extent.
The content below was translated by Tencent automatically for reference.

SMM7 March 22: today, 45% molybdenum concentrate mainstream transaction prices are 2320-2350 yuan / tonnage, 60% ferromolybdenum mainstream transaction prices are 15.2-155000 yuan / base ton, prices are unchanged from yesterday.

Ferromolybdenum: since the environmental protection inspection team was stationed in Liaoning last Friday, it has had a certain impact on local ferromolybdenum production. According to SMM, some local small and medium-sized ferromolybdenum producers, such as Rongxin Molybdenum and Hengtai Molybdenum, have stopped production and sales, and supply-side tightening plays a certain role in supporting the current ferromolybdenum prices. But at the same time, the recent bidding of steel mills is not as expected to have a certain negative impact on the current ferromolybdenum market. According to SMM, the total bidding volume of steel mills from July 8 to 15 is about 2900 tons, while that of steel mills from 15 to 22 (today) is only about 2000 tons. The weakening demand suppresses the rise in ferromolybdenum prices to a certain extent.

Molybdenum concentrate: the market still presents a tangled situation of multi-empty interweave. on the one hand, mine maintenance in Northeast China has reduced the supply of molybdenum concentrate to a certain extent, which has a certain positive impact on the market. But on the other hand, the reduction of ferromolybdenum demand is transmitted to the raw material end, which has a certain negative impact on the market. The molybdenum concentrate market is staggered and staggered as a whole, and the market is mainly stable.

Generally speaking, it is difficult to have obvious fluctuations in domestic molybdenum prices under the current situation. We can pay attention to the bidding situation of steel mills in the last week of July. If a breakthrough can be made, it will become a key factor for the current molybdenum market to break the situation.

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