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Molybdenum raw material production base, the main products are: ammonium tetramolybdate, ammonium dimolybdate, ammonium heptamolybdate, high purity molybdenum oxide, sodium molybdate
At the end of the month, large steel enterprises entered the market, and the result of bidding for ferromolybdenum was in suspense! Is the price of molybdenum still stable?
Release time:
2024-06-27
Recently, the domestic molybdenum market has shown a certain degree of stability, despite the fluctuation of the bidding price of steel enterprises and the change of market demand. Specifically, the quotation of molybdenum concentrate is stable, the inquiry purchaser and the intention to sell in the market are intertwined, and the bargaining level is basically around 1400 yuan, showing the basic stability of the market 1. At the same time, the bidding process of ferromolybdenum is in suspense. The bidding price of some large steel enterprises is lower than expected, falling below 94000 yuan/ton. However, some steel enterprises are opening bids at the acceptance 9.32-93800 yuan price, indicating that steel mills intend to reduce the price to purchase ferromolybdenum, while ferromolybdenum manufacturers are willing to support the price due to cost pressure, and the final result is still uncertain.
In addition, the molybdenum chemical industry and products market also showed a stalemate, ammonium molybdate, high-purity molybdenum trioxide product quotations slightly lowered, the first-class ammonium tetramolybdate transaction price moved down to 9.4-96000 yuan/ton near, mainly by the downstream molybdenum products demand downturn drag. The recent selling price of molybdenum powder hovered between 195-197 yuan/ton. Downstream enterprises reported that the shipment of products was slow and the selling price was weak and negative. It is expected that the pressure situation will not improve rapidly in the short term.
Despite the recent small consolidation in the bidding price of ferromolybdenum and the transaction price of molybdenum chemical products, and the divergent changes in market sentiment, the overall price of molybdenum is still relatively stable. This state is mainly affected by factors such as the in stock circulation of raw materials, the operating rate of ferromolybdenum production, and the gradual expansion of tenders for steel mills. It is expected that the price of molybdenum will remain stable in the next few days, and with the further increase in demand in the later period, it is not ruled out that the price will seek an upward trend from the low level again.
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