Halfway through April, the molybdenum market moves forward while watching

In the first half of April, the domestic and international molybdenum markets had mixed performances. The international molybdenum prices fell again after encountering obstacles. The domestic molybdenum market experienced an extremely active replenishment boom. Molybdenum mine inventories were quickly digested, and steel mills entered the market for bidding. After the price stopped falling and rebounded, the performance was stable.

Current molybdenum price:

Domestic molybdenum concentrate quotations have temporarily stabilized in the range of 1660-1720 yuan/ton, ferromolybdenum prices have temporarily stabilized in the range of 112-116 million yuan/ton, and ammonium tetramolybdate has temporarily stabilized in the range of 115--117,000 yuan/ton, molybdenum powder Temporarily stable in the 233-238 yuan/kg range.

It is understood that the quotations of mainstream companies have remained stable this week, while some market transaction prices have slightly consolidated within the range. Specifically, the circulating prices of molybdenum concentrate traders were below 1,700 yuan/ton, and the bid opening price of ferromolybdenum stopped at 112,000 yuan/ton.

The market performance of molybdenum chemical products and products was also calm. The mainstream price of molybdenum powder market was stable. After the quotation of ammonium molybdate increased slightly since last week, the transaction follow-up was not positive this week, and there was a stalemate on Thursday and Friday.

Forecast for the second half of the month:

The supply and demand environment of the domestic molybdenum market is moderate. In the second half of April, molybdenum mines and steel mills are expected to have plans to purchase and sell. From the perspective of mine inventory and steel mills’ willingness, molybdenum concentrate will be at RMB 1,680-1700 per ton, and ferromolybdenum will be in There is still support near 112,000 yuan/ton.

The international molybdenum market is in a stalemate. After the international molybdenum oxide fell to US$11, on Thursday and Friday, there was no more active purchasing power. Holders were reluctant to sell at US$11, while buyers were uninterested in prices above US$11.

It is expected that the international molybdenum price will break after a stalemate for a few days in the second half of the month. Whether the 11 US dollar will fall or not remains to be seen. The second half of the domestic molybdenum market mainly focused on the purchase volume of steel mills before May 1st and changes in tender prices of some molybdenum mines. On the whole, the rise of molybdenum prices before May Day does have resistance, but the downside is also limited.