There is a marked increase in the price of the raw material supply of the concentrate
Recently, the overall center of gravity of the domestic Molybdenum/ price moved up slightly, under the support of the tight supply of raw material Molybdenum concentrate, most of the holders began to strengthen their psychology of bullish sales. According to Baichuan Information Monitoring, on December 4, Molybdenum concentrate rose 4.7%, the latest quotation was 1560 yuan / ton, an increase of 6.12% in the past week, Mo oxide rose 4.35%, the latest offer was 1680 yuan / ton, an increase of 5.66%, and the latest quotation was 0.46%, the latest offer was 109000 yuan / ton, an increase of 4.81% in the past week. Furthermore, with the recent increase of mine bidding price in Hebei Province, Molybdenum market is active, and the supply of low price goods in the field is gradually reduced, which supports the confidence of mining enterprises. It is considered that in the short term, the supply of Molybdenum concentrate raw materials is tight, the first mine is difficult to obtain in the market, and the mining enterprises have a certain advantage. It is expected that the shortage of raw materials in the market will be maintained for some time, and the price of Molybdenum series will remain strong.
