April 16th, 2019, Molybdenum City Daily Comment: Yichun Molybdenum Mine Raises Price or Relieves Molybdenum and Iron Upside Down
Key words: molybdenum, molybdenum concentrate, ferromolybdenum, molybdenum oxide, ammonium molybdate, molybdenum products
Modu Trade Network April 16, 2019:
Molybdenum City Daily Commentary:
Affected by the increase in the price of molybdenum concentrate in Yichun area, the market price of molybdenum concentrate and ferromolybdenum rose slightly today, and the prices of molybdenum oxide and molybdenum products increased slightly. At present, the molybdenum market is still in the state of strong raw material supporting the downstream molybdenum price. After the cost continues to rise, downstream enterprises are expecting demand performance to improve product sales dilemma.
Today, the high-grade price of molybdenum concentrate rose to 1810-1840 yuan / ton, the price of ferromolybdenum rose to 11.8-12.1 million / ton, the price of molybdenum powder and some downstream products increased slightly, the mainstream price of molybdenum powder first-class products Rose to 262-268 yuan / kg.
Molybdenum City Deal:
Molybdenum concentrate: It is reported that Yichun area has a sales volume of more than 1,300 tons (partially pre-sale), the current price is 1810 yuan / ton, and the acceptance price is 1840 yuan / ton;
Molybdenum iron: Yesterday afternoon, the bulk of the bulk cargo in Liaoning and Henan was tens of tons, the transaction price of some 60C ferromolybdenum was 11.6-11.7 million yuan/ton, the transaction price of 60B ferromolybdenum was 117,000 yuan/ton, and the acceptance was 11.95-12 thousand. yuan / tonne;
Molybdenum powder: a small amount of molybdenum powder was sold in Shaanxi and Henan provinces, with a price range of 6.2-26.5 million yuan/ton, individual order prices were 2.6-26.2 million yuan/ton, and a small amount of high-purity molybdenum powder order price was about 268,000 yuan/ton;
Others: There is a small amount of sodium molybdate sold at around 80,000 yuan / ton, and metallurgical molybdenum oxide has a small amount of transactions at the current price of 1850 yuan / ton.
Steel mill tender:
Yesterday, the results of bidding for ferromolybdenum in the two steel mills in Hunan were 1.183 million yuan/ton and 119,200 yuan/ton respectively. According to some steel mills in Jiangsu, Hubei and Zhejiang provinces, there are plans to enter the bidding for ferromolybdenum.
Molybdenum primary market:
The ex-factory price increase of molybdenum concentrate in Yichun area is expected by most manufacturers. Therefore, the procurement performance of various enterprises is basically normal today, and the market reaction is relatively stable. Driven by the cost of raw materials, the market price of molybdenum oxide and ferromolybdenum also increased slightly. The market performance of molybdenum primary products was stable and orderly, and more transactions were gradually followed up to promote activity.
Molybdenum Chemical Market:
Relatively speaking, the molybdenum chemical products market is currently sluggish, and downstream enterprises purchase ammonium molybdate raw materials on demand and in moderation, and the purchase price in April is stable. At the same time, the recent high-purity molybdenum trioxide, ammonium heptamolybdate, sodium molybdate market has occasionally reached a deal, but most of them belong to the need for replenishment, and the market activity still needs to be improved.
Molybdenum deep processing market:
The ex-factory price of molybdenum powder in some enterprises in Shaanxi and Sichuan has been raised to 264-269 yuan/kg this week. The high-priced transaction has not been followed up. The low-priced molybdenum powder in Luoyang and other regions has a small transaction price of 26.2-26.3 yuan/kg. Downstream plate and sheet market orders are general, and the rod and wire market has been stable since the price increase at the end of March.
International Molybdenum City:
Yesterday, the price of 60 tons of ferromolybdenum in South Korea's Pohang was lower than expected, but the spot price of molybdenum oxide in the international molybdenum market is tight. The price of western molybdenum products is stable in recent days. Under the influence of China's molybdenum market, it is expected to be stable in the short term. carry on.
Molybdenum City Hotspot:
The index price of molybdenum concentrate is slightly raised as expected, and the quotation of ferromolybdenum enterprises is generally increasing. There is still no less than 3,000 tons of ferromolybdenum tenders before the end of the month. According to the current market performance, the future bidding price is expected to be higher than that in early April. There is a certain upside, and the uranium-iron upside down situation is expected to ease further.
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