Molybdenum Concentrate:
[SMM Molybdenum News] On July 9th, the price of raw material molybdenum concentrate surged sharply, driving up the domestic molybdenum market. Today, the mainstream quotations for 45-50% molybdenum concentrate are 3,990-4,020 yuan/base mt, and for 50-55% molybdenum concentrate, they are 4,020-4,050 yuan/base mt. The quotation for molybdenum oxide (metallurgical grade) is 4,090-4,120 yuan/base mt. Downstream steel mills found themselves in a passive position again for procurement, and the price of ferromolybdenum followed suit, with quotations at 250,000-258,000 yuan/mt. In the molybdenum chemicals market, the mainstream quotations for first-grade ammonium tetramolybdate were raised to 244,000-246,000 yuan/mt, and for first-grade ammonium heptamolybdate, they were 248,000-251,000 yuan/mt. The quotation for high-purity molybdenum trioxide is 298,000-300,000 yuan/mt, the mainstream quotation for first-grade molybdenum powder is 455,000-465,000 yuan/mt, and the mainstream quotation for first-grade molybdenum bar is 505,000-515,000 yuan/mt.