Ferro molybdenum
Ferro molybdenum market demand is stable. The first 2 weeks of steel procurement has exceeded 4000 tons, stainless steel and special steel continue to release demand, fierce supply-demand game.
Traders mainly engage in real order transactions and wait for opportunities to replenish inventory.
Molybdenum concentrate price reduction is relatively lagging behind, large mines have been slow to offer, the offer will still largely affect the market trend. The ferro molybdenum factory sells cautiously at a low price.
The buyer’s market wait-and-see sentiment remains unchanged, and representative steel mills have not yet made bids, leading to increasing downward resistance.
On Thursday, the international molybdenum market price trading increased, Asian ports have transactions, the price rebound.Domestic small inquiries increased, ferro molybdenum market sentiment improved, waiting for steel mills to enter.
Ferro silicon
It’s a bad week for fesi, the positive side is that the ferrosilicon furnace shutdown continues to increase, and there are ferrosilicon furnaces in Gansu, Qinghai and Ningxia. On the bearish side, the price of LAN CARBON continues to decline, and the cost center of ferrosilicon continues to shift downwards, with the increasing number of furnace shutdowns, market transactions have slightly improved, but the majority of purchases are still on demand, with fewer large orders.
Waiting for an increase in steel plant production.
