This week, China's molybdenum market weakened slightly, and both supply and demand sides need to find a balance point

This week, China's molybdenum market as a whole showed a slight decline. Although mainstream mines slightly reduced prices at the beginning of the week, they still remained high, and the overall quotation at the iron plant end remained strong. This week, the mainstream spot cash quotation of molybdenum iron was 243,000-245,000 yuan/ton. The current round of terminal demand purchases ended, and the market entered a digestion period, which was slightly weak overall.
In the bulk market, due to the great uncertainty in the current market, the mentality of holders was slightly different. Some traders holding goods had a clear mentality of taking profits at high prices, and the mood of shipping increased, but the overall transaction was not good, and the wait-and-see atmosphere was strong.
 

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