SMM7 March 29: today, the mainstream transaction price of 45% molybdenum concentrate in the domestic market is 2340-2370 yuan / tonnage, up 10 yuan / tonnage compared with the previous day; 60% ferromolybdenum market mainstream transaction price is 155000-159000 yuan / base ton, stable compared with the previous day.
Recently, under the influence of the delay in the resumption of work by a large domestic mining enterprise, the supply of molybdenum concentrate is tight, and molybdenum mining enterprises have raised prices one after another: a mining enterprise in Heilongjiang resumed work on the 28th, and the external mainstream transaction price was 2360 yuan / tonnage, which was 20 yuan / tonnage higher than the previous market price; on the afternoon of the 28th, a mining enterprise in Henan Province auctioned the mainstream transaction price of molybdenum concentrate 2345-2355 yuan / tonnage; on the 29th, another mining enterprise in Henan raised the price to 2370 yuan / tonnage.
With the rising price of molybdenum concentrate, the production cost of ferromolybdenum is higher, in addition, the bidding of steel mills is better, the market demand is strong, and the price of ferromolybdenum is high and stable.
At present, the domestic market trading atmosphere is hot, the market upstream and downstream expectations for the future price increase is more consistent, superimposed by foreign molybdenum price rising factors, it is expected that the price is still likely to rise in the short term.
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