Market overview: On October 28, molybdenum price fell. 45-50 degree molybdenum concentrate cash offer 3720-3750 yuan/ton down 30 yuan/ton; Above 50 degrees molybdenum concentrate cash offer 3750-3780 yuan/ton, down 30 yuan/ton; Metallurgical molybdenum oxide cash offer 3840-3860 yuan/ton, down 30 yuan/ton. The market is operating under pressure. The buyer is not willing to take the goods, the holder of the appropriate profit to ship, molybdenum rod, tungsten molybdenum alloy, molybdenum plate, molybdenum wire, market transaction bargaining center has moved down and some of it is close to the 3700 yuan mark.
On the contrary, the international market inquiry is active and the international price has picked up slightly, although it has a certain positive effect on market confidence
The overall impact is not large, the industry is more rational attitude to wait and see.
Downstream market:
Ferric molybdenum: Molybdenum price is temporarily stable, cash offer 24-244,000 yuan/base ton. Raw material end price focus decline, coupled with demand performance
Not so much,
Bidding prices are also low, the bulk market inquiries are cold, the market has no good support, industry confidence is not cautious to wait and see
Sentiment is strong, the current market offer around 24.0-241,000 yuan/base ton, the market stalemate game situation is still continuing
Molybdenum chemical industry: molybdenum price stability. First class ammonium tetramolybdate cash offer of 22.7-230,000 yuan/ton, the same as the previous working day
Grade ammonium heptamolybdate cash quotation 231-234,000 yuan/ton, the same as the previous working day. Raw material price is slightly loose, molybdenum market, tungsten molybdenum alloy, molybdenum alloy, molybdenum rod,
Wait-and-see sentiment is heavy. Buyers and sellers are still competing, although the price of raw materials has declined slightly, but the market demand side is weak, and the real single
There was no significant increase in traffic, and the overall performance was relatively calm.
Future market forecast: the supply and demand side is still a game, the market fundamentals change little, the upstream and downstream markets stalemate, 3700 yuan
Mouth is facing challenges, but the mine has no intention to ship, and traders are still limited by high cost inventory, and the price adjustment space is narrowed, when
Before paying more attention to the actual transaction situation at home and abroad, molybdenum price is expected to be weak and stable operation tomorrow.
