China Commodity Marketplace
Mainstream molybdenum concentrate prices rose by RMB 20/mtu to RMB 3,320~3,330/mtu for standard grade and RMB 3,340~3,380/mtu for high grade concentrates. Domestic molybdenum prices have surged to a 14 year high point, and are expected to hold steady at high levels over the short term.
Mainstream domestic FeMo prices have risen further by RMB 10,000/t to RMB 220,000~230,000/ standard t, boosted by strong concentrate prices and steady demand from steel mills.
