Molybdenum Concentrate Price - June 14, 2023

The overall China’s domestic molybdenum price has shown a general downward trend on June 14, 2023, mainly due to the decrease in downstream demand, the lack of confidence in suppliers' price stability, and the continued negative decline in international molybdenum oxide and European ferromolybdenum prices. 

Currently, the price of molybdenum concentrate is about 3,790 yuan/ton, while the quotation of ferromolybdenum is close to 240,000 yuan/ton. Under this situation, some institutions predict that the market will be difficult to pick up in the short term.

According to Chinatungsten Online, some steel companies have postponed their purchase plans and have strong sentiments to lower prices, which are the main reasons for the decrease in market demand. Under this situation, the decline in international molybdenum prices and the approaching off-season of traditional consumption have strengthened suppliers' profit taking. consciousness. However, due to the support of production costs, the reduction in the quotations of the holders is relatively small.

Recently, Sichuan Panchang 30 tons, bidding price 243,500 yuan/ton; Shanxi Taigang 60 tons, bidding price 238,000 yuan/ton, delivery date before June 30; the bidding quantity of Tsingshan Group is to be determined, the bidding price is 236,000 yuan/ton, and the delivery date is before July 10; the Shougang Group is 20 tons, and the bidding price is 242,900 yuan/ton.

In terms of news: In the first quarter of 2022, Maanshan Iron and Steel Co., Ltd. achieved a total operating income of 22.737 billion yuan, a year-on-year decrease of 14.46%; a net profit loss of 509 million yuan attributable to the parent company, a profit of 1.253 billion yuan in the same period last year; a loss of 545 million yuan after deducting non-net profits , The profit in the same period last year was 1.131 billion yuan; the net cash flow from operating activities was 1.657 billion yuan, a year-on-year increase of 1.19%.

Prices of molybdenum products on June 14, 2023

Picture of TZM piercing plug 

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