[SMM Molybdenum Daily Review: Steel Tender Prices Remain Stable, Molybdenum Market Ends on a Strong Note]
Today, Jiangxi molybdenum mines auctioned 288 mt of 45-50% grade molybdenum concentrate at a base price of 3,590 yuan/mtu, with transaction prices at 3,595 yuan/mtu (65% acceptance, 35% cash). The mainstream negotiated prices for regular-grade molybdenum concentrate in the market were concentrated at 3,590-3,610 yuan/mtu, with prices remaining stable.
Ferro-molybdenum tender prices temporarily stabilized at 230,000 yuan/mt, with occasional steel mill tender prices rising above 233,000 yuan/mt, which cannot yet serve as a mainstream market reference. Stocking demand from end-users is expected to enter the market after the New Year holiday, with molybdenum prices likely to rise.



