The price of molybdenum products supported by both demand and supply began to rise.

SMM7 March 28: it is understood that after nearly a week of stability, the domestic molybdenum market opened another round of gains on the 27th to 28th. SMM data show that the mainstream transaction price of 45% molybdenum concentrate in the domestic market today is 2330-2360 yuan / tonnage, up 10 yuan / tonnage over the previous day; 60% ferromolybdenum market mainstream transaction price is 155000-159000 yuan / base ton, up 1500 yuan / base ton over the previous day.

According to SMM, there are three main factors in the molybdenum market:

1. The supply of molybdenum mines is tight, and the price of raw materials is rising. The pumping station of a molybdenum mine in Shaanxi was flooded and delayed to resume work due to heavy rain. According to market people, its molybdenum mine transportation road has suffered a landslide, the transport railway has suffered a landslide, and may not be able to resume work in the short term. The market learned from the mine staff and received an answer that the date of resumption of work was tentatively fixed. The supply of molybdenum concentrate is tight, and the seller's willingness to rise gradually increases. At the same time, a large mine in Heilongjiang resumed shipping on the 28th, and the price of molybdenum concentrate was raised to 2360 yuan / tonnage. The rise of leading enterprises caused other sellers to follow suit, and the price of molybdenum concentrate went up immediately.

2. Liaoning Environmental Protection Supervision Group is resident, and the supply of ferromolybdenum is reduced. According to SMM, the environmental protection inspection team stationed in Liaoning in the first ten days of this month is still inspecting. A number of ferromolybdenum enterprises have gradually reduced their inventories due to a long period of shutdown, and the market supply is tight, supporting the rise in ferromolybdenum prices.

3. The demand of steel mills increases and the bidding price of ferromolybdenum increases. According to market people, some steel mills depressed the tender price of ferromolybdenum in the early stage, resulting in only 30% 50% of the tendered quantity of many steel mills, and the ferromolybdenum inventory of steel mills was consumed rapidly. at present, ferromolybdenum inventory is generally on the low side. in recent days, the demand for molybdenum bars in many steel mills has increased, and the bidding price has also risen to a certain extent, rising from 154000 yuan / base ton to 156000 yuan / base ton today, and the market price immediately follows the rise.

At present, due to the previous continuous mine shutdown events led to the consumption of molybdenum concentrate inventory, the market supply gradually began to tighten. At the same time, mine overhaul time exceeding expectations, ferromolybdenum supply reduction and other positive factors support the molybdenum market price rise, the overall market bullish attitude is more consistent, it is expected that short-term prices may continue to rise.