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Molybdenum raw material prices continue to rise last year performance climbing institutions optimistic that molybdenum prices will continue to high

  • Mosten
  • 5 Mar

Recently, the price of molybdenum products continues to rise, molybdenum iron, molybdenum oxide, molybdenum concentrate and other products prices are steadily higher. Luoyang Molybdenum (603993) has risen 10.77 percent since the opening of the pig year (Feb. 11-18), while Gold Molybdenum shares have risen 7.79 percent over the same period. With the gradual recovery of the market after the savings, the domestic molybdenum concentrate market prices rose last week. Tianfeng Securities pointed out that last week basically continued the pre-festival market conditions, as the factory gradually resumed work, the downstream steel plant molybdenum and iron active bidding, the factory to replenish the position actively, but the mines spot stock is not much, manufacturers low-cost replenishment is more difficult, The price is up 30 yuan / tonne, the current market 45% molybdenum concentrate quoted 1640 to 1660 yuan / tonne, 45% to 50% molybdenum concentrate quoted 1660 to 1690 yuan / tonne. Molybdenumundefineds other two major products, molybdenum oxide and molybdenum iron, both gained momentum. On Feb. 15, the domestic bid for molybdenum and iron reached 11.9 yuan / ton, up more than 7 percent in the past week. Last week, the domestic molybdenum oxide market price rose. After the molybdenum iron market demand is adequate, molybdenum iron manufacturers increasingly difficult to purchase raw materials, molybdenum oxide strong rise, 51% molybdenum oxide market price concentrated in 1750 to 1770 yuan / tonne. Last week, the price of domestic molybdenum iron market rose, with the gradual recovery of the after-saving market, the molybdenum iron market quotation gradually higher, the current market mainstream quotation concentrated in 11.6 to 120000 yuan / ton, manufacturers cherish a strong mentality, coupled with the shortage of spot inventory, The willingness to ship at a low price is low. Shares in Luoyang Molybdenum and Gold Molybdenum, the A-shares of molybdenum, have risen 10.77 percent and 7.79 percent since the start of the year, compared with OLED and 5G, which have soared sharply in recent years. But thanks to the rise in molybdenum prices, earnings forecasts show both Luoyang Molybdenum and Gold Molybdenum shares maintained strong growth last year.

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molybdenum