On the 10th, the domestic molybdenum market as a whole showed a high and weak trend, mainly reflected in a slight drop in the price of some molybdenum products, slow order growth, and a slight lack of confidence in the market. Today, the prices of molybdenum concentrate and ferromolybdenum fell by about 20 yuan/ton and 1,000 yuan/ton, respectively. In the molybdenum concentrate market, the market buying and selling atmosphere was poor. Affected by poor performance of overseas molybdenum markets during the National Day holiday and few downstream inquiries after the holiday season, supplier prices were generally lowered. In the ferromolybdenum market, product prices continued to fall slightly, mainly due to strong price pressure from steel companies and insufficient driving capacity in the molybdenum concentrate market. Today, the price of steel bars is around 340,000 yuan/ton. In the molybdenum chemical and its products market, the market is stable. Against the backdrop of a relatively balanced supply and demand pattern and little room for price reduction of raw materials, the prices of ammonium tetramolybdate, molybdenum powder and molybdenum bars are around 327,000 yuan/ton, 615 yuan/kg, and 620 yuan/kg, respectively.

On the 10th, the domestic molybdenum market as a whole showed a high and weak trend, mainly reflected in a slight drop in the price of some molybdenum products, slow order growth, and a slight lack of confidence in the market. Today, the prices of molybdenum concentrate and ferromolybdenum fell by about 20 yuan/ton and 1,000 yuan/ton, respectively. In the molybdenum concentrate market, the market buying and selling atmosphere was poor. Affected by poor performance of overseas molybdenum markets during the National Day holiday and few downstream inquiries after the holiday season, supplier prices were generally lowered. In the ferromolybdenum market, product prices continued to fall slightly, mainly due to strong price pressure from steel companies and insufficient driving capacity in the molybdenum concentrate market. Today, the price of steel bars is around 340,000 yuan/ton. In the molybdenum chemical and its products market, the market is stable. Against the backdrop of a relatively balanced supply and demand pattern and little room for price reduction of raw materials, the prices of ammonium tetramolybdate, molybdenum powder and molybdenum bars are around 327,000 yuan/ton, 615 yuan/kg, and 620 yuan/kg, respectively.