Insufficient supply of ferromolybdenum prices continue to rise

Terminal demand is stable, coupled with the expected national day stock, the domestic molybdenum iron supply shortage, the price continues to rise. Today's mainstream price of ferromolybdenum is 182,000-186,000 yuan / ton, and many northeast factories are more expensive.

The activity of the molybdenum iron bulk cargo market is not high, some dealers have been depleted in the early stage of inventory, and the recent high price is mainly back-to-back operation. The factory quotation is firm, the price of molybdenum iron steel before the holiday rose to 182,000-183,000 yuan / ton, and the tender price of one-week delivery of steel mills rose to 183,000 yuan / ton in cash.

International molybdenum prices continued to fall, buyers' caution in the domestic market has increased, but the quotations of holders are not low, factory orders are tight, and the short-term prices of the domestic molybdenum market remain firm.

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