SMM Analysis: Demand meets replenishment, molybdenum price shows strong rebound in "V-shape"

After steel mills in Northwest and East China region saw their steel offering prices break below 20,000 yuan per ton, other steel mills have also started to purchase molybdenum iron under the impetus of high production of molybdenum-containing steel in the new month. Coupled with the strengthening sentiment of traders selling goods to make profits, the spot supply of molybdenum iron has become tight for a while...