In July, the consumption of ferromolybdenum in the Chinese market was stable, and steel mills entered the market multiple times for procurement, driving the price of ferromolybdenum to steadily rise. From yesterday to today, nearly 10 steel mills have entered the bidding process to purchase ferromolybdenum,including TISO、CITIC Pacific and Hebei Iron and Steel. The cumulative volume of steel bidding has now exceeded 8500 tons has now exceeded 8500 tons. 

According to statistics of Mudu-MolyChina:

The bidding price of TISO is 254000 yuan;

The bidding price of Hunan Valin Steel is 255000 yuan;

The bidding price of CITIC Pacific is from 252800 to 255000yuan;

The transaction price of ferromolybdenum is from 254000 to 258000 yuan now;
The transaction price of ferromolybdenum today increased by 3000 yuan/ton compared to the previous week.

Mudu-MolyChina is an analysis institution focusing on molybdenum prices and molybdenum markets.We'd like to provide you the paying services of market trading data 、market analysis、weekly and monthly reports and more.If you are interested,you can contact us by the following method.

Zhenyu Wang丨Senior Market Analyst  

Phone:+86 13592685017丨E-mail: wzy2018@foxmail.com

Phone:+86 17603799728丨E-mail: molychina@yeah.net