With the re-entry of mines into the market, the domestic molybdenum price fluctuated and rose, among which the price of molybdenum concentrate and molybdenum oxide rebounded by 20 yuan/ton, and the price of conventional grade ore rebounded slightly to 4340-4370 yuan/ton, with the converted ferromolybdenum cost ranging from 28.18 to 283,700. Today, the 660-ton shipment transaction of large mines has attracted much attention; The price of ferromolybdenum rebounded by 10,000 tons, the retail price including tax was 280,000-285,000, and the transaction guidance price was 279,000-284,000. Yesterday, the tender acceptance price of steel mills was mostly 281,000-282,500, the demand for downstream steel tenders remained steady, the activity of inquiry and transaction increased, and the international molybdenum price returned to the rising channel. In addition, there was a positive development trend at the raw material cost end, and smelting plants kept reluctant to sell and bullish expectations.
