Rising demand for molybdenum market at home and abroad is rising steadily

Release time：2018-03-22Author：Click：301Font size：Big Mid Small

The demand for the Asian molybdenum market is active, and buyers from China enter the market, and the prices have risen slightly. On the distribution of molybdenum oxide Platts price 8.25-8.35 dollar / pound molybdenum, up to 8.3-8.5 dollars / pounds of molybdenum; European ferromolybdenum quotations 20.1-20.35 dollars / kg Mo, rose to $20.1-20.4 / kg of molybdenum.
In August 28th, the PRI's assessment was closed for public holidays. Yesterday, a European trader at Busan warehouse traded at $8.35 / pound molybdenum. A European trader said, China steel procurement frequently, strengthen Chinese imported molybdenum oxide and iron. A Chinese trader said that molybdenum oxide paid $8.5 / pound of molybdenum or made money. An Asian producer says the market is full of confidence. The demand for stainless steel market is strong because of strengthening the construction of oil and gas.
According to reports, ferromolybdenum, a German factory $20.2 / kg DDP turnover. Austria steel works $20.1 / kilogram of molybdenum. The current quotation is up to 20.4 US dollars per kilogram molybdenum.
Domestic molybdenum concentrate market transaction volume, the price is also gradually rising. The market is getting better and enquiries are increasing. At present, the mainstream price of the general grade molybdenum concentrate is at 1380-1400 yuan / tonne, and the mainstream price of high grade molybdenum concentrates is at 1400-1430 yuan / tonne.
The domestic steel market by molybdenum prices are expected to exceed the volume continued to rise, ferromolybdenum market price stability. At present, the main price is at 9.6-9.9 million yuan / base ton.

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