Molybdenum City Daily Commentary on April 12, 2019: Although the molybdenum price has been temporarily stabilized, the transaction is not active enough.
Key words: molybdenum, molybdenum concentrate, ferromolybdenum, molybdenum oxide, ammonium molybdate, molybdenum products
Modu Trading Network April 12, 2019:
Molybdenum City Daily Commentary:
In the second week of April, the overall performance of the molybdenum market was stable. Although the international molybdenum price showed a slight downward consolidation, the domestic molybdenum market price was stable, especially the strong performance of the raw material molybdenum concentrate continued to support the downstream molybdenum price. Compared with the price performance, the market transaction is slightly stalemate and the activity needs to be improved.
The domestic molybdenum price was temporarily stabilized, and the international price of molybdenum oxide was stable overnight. The price of ferromolybdenum in Europe dropped slightly and reported to USD 28.9-29.1/kg.
Molybdenum City Deal:
A small amount of 40-45% molybdenum concentrate in Luanchuan area was sold, and the current price was 1770-1780 yuan/ton. Metallurgical molybdenum oxide has been partially sold, and the current transaction price is 1840 yuan / ton. A small amount of ammonium tetramolybdate has been sold recently, and the acceptance price is 128,000 yuan / ton. There is a small amount of molybdenum powder, and some orders are in the range of 258-262 yuan/kg.
Steel mill tender:
Today, a steel mill in Shanxi entered the bidding for ferromolybdenum. The amount of ferromolybdenum has been around 3,000 tons since the beginning of the month, and the performance is stable.
Molybdenum primary market:
The price of molybdenum concentrate continues to support the market price of ferromolybdenum and molybdenum oxide. However, during the mid-month, the steel mills are not active enough to enter the market. The sales of molybdenum oxide and ferromolybdenum bulk cargo are generally in the market, and there is resistance in high-priced transactions. Mainstream, but the cautious performance remains the same.
Molybdenum Chemical Market:
The supply and demand performance of ammonium molybdate market is relatively stable. Although the downstream demand is generally active, the rigid demand is stable, and the ammonium molybdate production is concentrated, which promotes the strong market price of ammonium molybdate.
Molybdenum deep processing market:
Recently, feedback from mainstream deep processing enterprises in various regions. In April, the processing orders for general processing were average. Although some enterprises had new orders, the overall demand was weak, which brought great pressure to the enterprises. In particular, the competition in molybdenum powder, sheet and sheet products was fierce.
International Molybdenum City:
The current market price of international molybdenum oxide is maintained at around 12.1-12.3 US dollars / lb, the new spot liquidity is not sufficient, and the price is stable in the short term.
Molybdenum City Hotspot:
The Heilongjiang-Molybdenum Mine will end overhaul and resume production next week, and the market is paying more attention to its new round of molybdenum concentrate sales. Some large steel mills in Jiangsu, Hubei, Zhejiang and other regions have plans to enter the bidding for ferromolybdenum, and the price remains to be seen.
Consultation and exchange hotline: 13592685017 Wang Zhenyu (mobile / WeChat)