Affected by the good trend of molybdenum market at home and abroad and the rise of purchase prices of downstream steel mills, the primary molybdenum market has been rising frequently, and the external quotation of merchants has been constantly adjusted. The supply of high-quality molybdenum concentrate is relatively scarce, the inventory level of merchants is low, and the reluctance to sell abroad is obvious. Although the trading volume has not been significantly enlarged, it is extremely difficult to purchase at a low price.
    Today, the mainstream price of more than 40% conventional grade molybdenum concentrate is 1370-1400 yuan / ton; The quotation of 47% and above high-grade molybdenum concentrate is 1400-1430 yuan / ton degree, and the transaction price fluctuates between 1400-1420 yuan / ton degree. In the later stage, Henan ferromolybdenum market still has the possibility of further improvement. In addition, the existing merchants have a high willingness to push up, and there is still room for improvement in the molybdenum concentrate product market in the later stage. In addition, trading activities are relatively active at the end of the month, driven by the enthusiasm of middlemen to enter the site, and the atmosphere in the venue will also be improved.
    The rising price of raw materials and products and the increasing willingness of downstream steel mills to purchase ferromolybdenum products in Henan have promoted the rise of ferromolybdenum products in Henan. Influenced by the buy or not buy mentality, some speculators also intend to participate in the market.
    In short, there is still a favorable upward trend in Henan ferromolybdenum market. The cash price of 60 Henan ferromolybdenum products in the field is more, concentrated in 96000-97000 yuan / ton; The acceptance price is about 99000-100000 yuan / ton. The inventory level of many merchants is low, and the spot is not enough to meet the orders, so they are reluctant to sell abroad. Both the transaction price and the bidding price of the steel plant have a large callback, which plays a supporting role in supporting the business. At present, many manufacturers take the cash of 100000 yuan / ton as the goal of later adjustment. With the entry of steel into the market at the end of the month, the enthusiasm of merchants will not decrease, or continue to benefit the market.
    Recently, the external market is still rising strongly, and some manufacturers or traders with export capacity will turn to external orders, which also plays a positive role in alleviating the pressure of internal supply and demand. Affected by high production cost and low market price, many molybdenum concentrate manufacturers maintain low inventory. With the gradual recovery of the market, the available supply sources of miners are limited, showing an obvious reluctance to sell externally. Moreover, the quotation of large molybdenum mines is also relatively strong, and it is difficult to purchase at low prices downstream. Molybdenum oxide Market is the same, but there are signs of an increase in downstream inquiries.
    In the middle of the month, there were few bidding purchases for steel mills. With the increase of molybdenum concentrate price and the widening of internal and external price difference, Henan ferromolybdenum manufacturers had to rise according to the trend, resulting in a sharp rise in the price of ferromolybdenum products in Henan in the short term. Among them, the high quotation of large enterprises and the speculation of traders also contribute greatly. Other molybdenum markets also moved up slowly with the increase of primary product prices. The short-term molybdenum market may still be strong, and businesses are waiting for demand to enter the market.