[Ferro-Alloys.com]

Affected by the continued rise in international molybdenum alloy prices, the domestic molybdenum alloy market prices continued to rise at the beginning of February. The domestic price of ferromolybdenum60# is 103,000-105,000 yuan/ ton; the price of molybdenum concentrate 40%-45% is about 1,560-1,580 yuan / ton; the mainstream price of molybdenum oxide is 1,620-1,640 yuan / ton. Affected by the sustained rise in international molybdenum prices, domestic market prices have been supported.

During the Spring Festival, the international molybdenum market all the way up, the rising trend of domestic molybdenum alloy market is still strong. At the middle of February,the domestic price of ferromolybdenum is 103,000-105,000 yuan/ ton; the price of molybdenum concentrate 40%-45% is about 1,560-1,580 yuan/ton; the mainstream price of molybdenum oxide is 1,620-1,640 yuan/ton. During the Spring Festival, the international price of molybdenum oxide exceeded $12 and the price of molybdenum oxide in Europe was $12.30-12.40/ pound of molybdenum.At the end of the month, the rising trend of domestic molybdenum alloy prices are still strong. The domestic price of ferromolybdenum60# is 117,000-119,000 yuan/ ton; the price of molybdenum concentrate 40%-45% is about 1,730-1,750 yuan / ton; the mainstream price of molybdenum oxide is 1,800-1,820 yuan / ton.

At the end of the month, the international molybdenum price appeared a small callback recently, driving the domestic market to fluctuate slightly. the domestic ferromolybdenum enterprises quote about 118,000 yuan / ton. It is reported that the bidding volume of ferromolybdenum in February has been close to 6,000 tons, and the bidding price is between 112,000-114,000 yuan / ton. The price of 40-45% molybdenum concentrate mine is about 1,740 yuan / ton, and the domestic mine shipment is positive. It is reported that yesterday a mine  in Luanchuan bidding sales molybdenum concentrate 360 tons, the bidding price was 1,765-1,795 yuan / ton. A mine in Shaanxi sold 40-45% molybdenum concentrate 180 tons, the transaction price was 1710 yuan / ton. The mainstream price of molybdenum oxide is still about 1810 yuan / ton.

At the beginning of February, the domestic manufacturers are in a strong mood to hold and sell goods, and many domestic enterprises have begun a holiday in this week, the overall activity of the market has been reduced, the market participants are generally in the wait-and-see mood. Affected by the rise of international molybdenum prices, although the domestic molybdenum market inquiry is more active, but domestic manufacturers generally up or not to quote, holding goods looking forward to rising mood. The international molybdenum oxide prices fell at the end of the month, the international molybdenum market appeared a small downward trend. The domestic molybdenum alloy market is running smoothly, and the market participants discuss the market operation in March drastically.