Molybdenum Powder Price - Dec. 27, 2017

Molybdenum concentrate market continues to have shortage in raw material and transaction prices remain high. Some large mines in Heilongjiang and Jilin province stopped production from last week and Inner Mongolia and Shaanxi now mainly produce long-term orders. The limited supply reduces new transactions. 40-45% molybdenum concentrate price stands at RMB 1,450-1,470/t.

In the ferromolybdenum market, more steel companies enter the market, and thus mainstream production enterprises rised mentality is strong. According to statistics, the total amount of bidding was close to 8,000 tonnes so far this month amid this week has reached 1,700 tonnes. Prices of tender are concentrated in RMB 99,700-102,000/t, mainstream manufacturers’ quotation is higher than RMB 100,000/t.

Trading is thin in the molybdenum chemical and products market. Towards the end of the year, most enterprises focus more on reducing inventory and returning funds. The purchasing demand for high-priced raw materials decreases. And the market is difficult to find high-quality raw materials. Market trading is in a stalemate.

Taken together, domestic molybdenum market maintains stable at the beginning of the week. As large enterprises stop production to undergo repair, market stocks reduce and trading volume remains less. With the good situation of steel biddings, ferromolybdenum price is likely to rise. As for molybdenum chemical and products market, it will have good momentum in the short term.

Prices of molybdenum products on Dec. 27, 2017

Picture of molybdenum powder

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