After the high quoted price in the molybdenum raw material market was raised to 1410 yuan/ton cash and 1430 yuan/ton acceptance price, the market began to show a lively atmosphere. Manufacturers' purchasing enthusiasm expanded, mostly to prepare for production needs of steel mills, and some trading manufacturers were active in the market, causing the molybdenum market to rise recently and the situation to reverse to an upward trend.

The production pressure of ammonium molybdate manufacturers is limited by the inability to operate normally, the pressure of environmental inspections, and the situation of increased production costs and insufficient inventory. Molybdenum deep manufacturers are gradually approaching transactions after increasing their quotations. The quotations for products such as large billets, drawn molybdenum bars, and large molybdenum rods have all been raised to over 200000 yuan/ton, and the quotations for steel bars, small billets, and other products have gradually been pushed to 190000 to 195000 yuan/ton.