The overall market for molybdenum is strong, with molybdenum concentrate prices breaking through the 4400 yuan mark

robot
Abstract generation in progress

On February 26, Zhongwu Online announced that the overall domestic molybdenum market is relatively good. With strong seller resistance and price support, increased inquiries from downstream companies, and the continued prominence of strategic metal resource status, the prices of most products have significantly moved upward, and actual trading volumes have increased. Today, the price of molybdenum concentrate has risen by about 170 yuan/ton, molybdenum iron by about 7,000 yuan/ton, and molybdenum powder by about 15 yuan/kilogram.

According to Zhongwu Online, the main reasons for this price increase are: first, the widening price gap between domestic and international markets boosting sellers’ confidence to raise prices; second, downstream companies gradually resumed work and procurement after the Spring Festival holiday, leading to increased market activity. Recently, a mine in Henan sold 200 tons of molybdenum concentrate with a grade of over 45% at a transaction price of 4,415 yuan/ton. A mine in Jiangxi sold 128 tons of molybdenum concentrate with a grade of 35%-40% at 4,420 yuan/ton, and 96 tons of molybdenum concentrate with a grade of 40%-45% at 4,435 yuan/ton.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)