At the beginning of the week, the bidding price of the steel factory continued to probe, the activity of the ferromolybdenum market was not high, the cautious mentality was still obvious; the large mining enterprises quoted and shipped, the price of molybdenum concentrate remained stable, the transaction or began in succession, and the raw material market was supported. Although the molybdenum market is divided, the whole continues to maintain stable operation.

　　The raw material market remains strong

　　A large mining enterprise in Heilongjiang Province pricing this week at 1: 50-55% molybdenum concentrate quoted 1920-1950 yuan per ton (low cash, high acceptance). It is learned that for the pre-sale part of the October production, the downstream molybdenum iron and chemical enterprises have expressed their consideration for appropriate procurement. The transaction may begin in succession. Overall, molybdenum concentrate bulk market activity is not high, large mining enterprises offer stability, trading has been launched, contributing to the continued stability of the molybdenum concentrate market.

　　Downstream market pressure is still relatively evident

　　Recent bidding: a steel plant in Hebei province has bid for 270 tons of ferromolybdenum, the price of which has been announced as acceptance of 129900 yuan per basic ton; another steel plant in Hebei region is bidding for 130000 yuan per ton of ferromolybdenum; and a steel plant in Jiangsu Province has invited tenders for 180 tons of ferromolybdenum. It is reported that the bargaining price is 126000 yuan per kiloton. The molybdenum iron market pressure is relatively obvious, the domestic molybdenum iron enterprise quotation is stable for the time being, the market inquiry transaction is cold and cold, the short term market deadlock tends to run stably.

　　Up to the present month, the total amount of ferromolybdenum invited by domestic mainstream steel mills is about 2800 tons. It is expected that there will still be 4000 tons of steel plant demand gradually released next. Nor does it rule out the possibility of early procurement by individual steel mills. So this month's domestic mainstream steel mills are expected to remain high at 7000-8000 tonnes, and continue to focus on the impact of mid-to-late steel purchases on the molybdenum market.

　　The domestic price of molybdenum chemical industry and molybdenum products is basically stable. The main domestic price of ammonium tetramolybdate is 13-13.2 million yuan / ton, and the domestic mainstream price of the first grade molybdenum powder is 26-26.5 million yuan / ton. Due to the recent weakening of the bid price of ferromolybdenum, although the molybdenum concentrate market is stable, but the downstream enterprises wait-and-see sentiment is more obvious.