China's molybdenum concentrate traded at over 1,700 yuan | Molybdenum Market Daily Review

High volume at the end of February

According to statistics, since the beginning of this week, a number of molybdenum mines have launched molybdenum concentrate sales, and the transaction prices are all above 1,700 yuan. Among them, the transaction volume of mines in Jiangxi, Inner Mongolia, and Shaanxi is more than 800 tons, and some molybdenum mines in other regions are under transaction, and the total amount is to be determined.

It is understood that today, molybdenum mines in Heilongjiang and Jilin are planning to sell molybdenum concentrates, and high-grade molybdenum concentrates are quoted at a cash price of 1750 yuan and above.

It is understood that a mine in Luanchuan plans to bid for the sale of 360 tons of molybdenum concentrate tomorrow, with a minimum price of 1,720 yuan.

Molybdenum product prices increase significantly

Up to now, the prices of major molybdenum products in China's molybdenum market have achieved substantial increases.

The mainstream transaction price of molybdenum concentrate rose to 1710-1750 yuan/ton;

The mainstream transaction price of ferromolybdenum rose to 114-118 thousand yuan/ton;

The mainstream transaction price of ammonium molybdate rose to 119,000-120,000 yuan/ton;

The mainstream transaction price of molybdenum powder rose to 235-238 yuan/kg.

International molybdenum market remains calm

Since the end of February, the international molybdenum market has been quiet for many consecutive days, unlike the active trading performance of the Chinese molybdenum market.

According to the latest quotations, international molybdenum oxide quotations were sideways at US$12.4-12.6 per pound of molybdenum, and European ferromolybdenum quotations were sideways at US$28.9-29.3/kg of molybdenum.

Molybdenum City Summary

With the further increase in prices, the enthusiasm of manufacturers and merchants to ship goods has increased. At the same time, affected by the steady development of demand, the enthusiasm of downstream factories to purchase raw materials is also not low. The intention of upstream and downstream transactions and the scope of bargaining have resonated and promoted This week's active performance of heavy trading volume and rising prices.