Molybdenum News Center

Affected by part of the mines to stop production and other factors, since last December, molybdenum concentrate prices rose about 18%. Driven by molybdenum concentrate price increasing, ferro-molybdenum and molybdenum related product prices go up as well. It is understood that the current price of molybdenum ore is still lower than production cost line, so it is not likely to resume production in a short time, which plays a key role on molybdenum prices rise. With the increase of the downstream acceptance, the price adjustment may continue to goes on by molybdenum mines. It is indicated that the molybdenum concentrate prices rebounded, mainly influence by ore production and sell limitation. Supporting by upstream molybdenum concentrate production limited and the shortage of supply, the molybdenum market prices will gradually rise. In addition, ferromolybdenum major downstream steel prices go up, but also provide a supporting role, molybdenum market continues to warm and the prospect is bright.

 

In January, 2016, molybdenum market prices increase and operation is stable. The downstream ferromolybdenum and chemical industry has limit to accept high-capacity disk, but the downstream tentative inquiries have increased. With a number of large ferromolybdenum factories have raised to offer acceptances 58,000 RMB / ton, low-cost factory reluctant to sell more and more increased. January 6th 2016, 60 # ferromolybdenum cash turnover 54,500 RMB -5.55 RMB / ton, low amplitude prices rose 500 RMB / ton, high amplitude prices RMB 500 yuan / ton. Conventional grade molybdenum concentrate offer 730 RMB -750 RMB / mtu, increased 10 yuan / mtu. Molybdenum ore supply is tight, resulting in molybdenum chemical, ammonium molybdate manufacturers offer also appeared with the rise, turnover gradually improving.

 

Internationally, influenced by Chinese molybdenum market, the international molybdenum market shortage of raw materials, market inquiries increase and molybdenum oxide prices go up. The US economy has improved, molybdenum manufacturer wishes to increase business operation. And large molybdenum mine reducing production also eased supply of raw materials, so recently tight supply of raw materials increased procurement initiative, turnover, demand focus, the market continued to climb, approaching US $ 5.5 molybdenum / pound, ferromolybdenum market approaching $ 6.5 / pound.