The price of Molybdenum continues to fall sharply, and the return value of Molybdenum market
Speaking at the end of Luoyangundefineds 2019 annual meeting of Chinaundefineds tungsten and Mo industries, it was pointed out that demand for Molybdenum has steadily increased but will not suddenly soar, that the "one-size-fits-all" wayward approach to environmental protection will not continue, and that both Mo mining and Mo-Fe production will return to normal. Chinaundefineds Mo ore resources of 4.3 million tons account for the first 11 million metals in the world. With the improvement of mining and washing technology, the price of Molybdenum should not remain high. On November 11, Heilongjiang area 50% 55% Mo concentrate quoted for shipment: low cash high acceptance price of 1410 × 1440 yuan / ton. Subsequently, Shaanxi, Inner Mongolia, Henan and other areas of Molybdenum concentrate batch transactions have been launched. According to the latest understanding, the price of 40 / 45% Molybdenum concentrate has fallen to 1370 / 1 390 yuan / ton, 45 / 50% Molybdenum concentrate price to 1390 / 1410 yuan / ton, 50 / 55% Molybdenum concentrate price to 1410 / 1440 yuan / ton (last Friday time 40 / 45% Mo concentrate price to 1460 / 1480 yuan / t, 45 / 50% Molybdenum concentrate price to 1480 / 1500 yuan / t; 50 / 55% Molybdenum concentrate price to 15000 / 1530 yuan / t).
