Molybdenum Market Quotes for October 12, 2024
Release time:
2024-10-14
The domestic molybdenum market as a whole maintains a stable operation. Under the interweaving of long and short factors, the mentality of buyers and sellers is slightly different, that is, the willingness of suppliers to support the price and ship is strong, while the mood of buyers to reduce the price is not reduced, so the price fluctuation of products is small and the turnover is general.
At present, the price of molybdenum concentrate and ferromolybdenum is temporarily stable at 3,730 yuan/ton and 242,000 yuan/ton respectively.
From the perspective of positive factors, factors such as strong support for production costs, downstream users basically maintaining rigid demand purchases and more orders from raw material vendors have supported the market's confidence in price support to a large extent.
From the perspective of negative factors, the current high price of molybdenum products, the high price of steel prices and the cooling of the stock market and other factors, resulting in the downstream demand wait-and-see sentiment increased.
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