Ferromolybdenum prices rose 27500 / ton in two months, up 27.6%
In the recent ferroalloy market, Henan ferromolybdenum, known as "military aerospace metal", has always attracted attention. Today, the cash price of 60 Henan ferromolybdenum is 126000-128000 yuan / ton, an increase of 27500 yuan / ton or 27.6% compared with 99000-100000 yuan / ton two months ago; In fact, after September 2012, the price of ferromolybdenum in Henan began to rise slightly, and began to fall in October. By the end of October, the price of ferromolybdenum in Henan rose again until today. The Secretary of the mine believes that the continuous rise in the price of ferromolybdenum in Henan benefits from the joint action of both domestic and foreign sides. The recovery of molybdenum demand in the international market leads to the continuous rise of molybdenum prices. Coupled with the improvement of the domestic market, the two sides jointly promote it, but they do not rule out artificially hyping the price of molybdenum and beware of a sudden decline in the future market.
Henan ferromolybdenum and rare earth are called "war metals". Molybdenum can improve the strength and wear resistance of iron and the corrosion resistance of steel. Molybdenum was widely used in the manufacture of weapons and equipment at the beginning of the 20th century, such as guns, armored vehicles, tanks and other war weapons. Modern high, precision and sharp equipment have higher requirements for materials. For example, Henan ferromolybdenum is used to manufacture alloy components and parts of warships, rockets and satellites.
International price: European ferromolybdenum (65% produced in the West) was reported at US $28.88/kg. 65-70% ferromolybdenum in the U.S. free market is reported at USD 13.25-13.5/lb, and 60 ferromolybdenum in Rotterdam warehouse is reported at USD 38-40 / kg.
The mine secretary network believes that with the increase of international demand for molybdenum, China has started a large number of infrastructure projects. In addition, in winter, enterprises in China's main ferromolybdenum producing areas will shut down for maintenance, and the supply of ferromolybdenum will decline. Before the Spring Festival, ferromolybdenum is bullish rather than bearish.