Supply of high grade molybdenum oxide with content greater than 57%

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Molybdenum Concentrate Market The World Trade Organization announced the Appellate Body Report on the case of the United States, the European Union, and Japan against China’s export control measures for rare earth tungsten and molybdenum related products. The Appellate Body upheld the previous expert panel's ruling that China's export tariff and export quota measures for the products involved in the case were inconsistent with relevant WTO rules and China's WTO accession commitments. Whether this defeat in the lawsuit will force the authorities to change future policies such as tariffs and quotas for molybdenum exports has become one of the focuses of many businesses. For now, although the external quotations of many miners remain stable, the actual prices have loosened slightly. In addition, the trading stalemate is obvious, which hinders the circulation of spot goods. Today, the mainstream price of conventional-grade molybdenum concentrate is RMB/ton, and the quoted price of high-grade molybdenum concentrate is RMB/ton. Some merchants said that because the inventory level on the market is not high, merchants are less willing to sell goods at low prices. Although some manufacturers have begun to accumulate inventory, it has not had any impact on aspects such as capital turnover. The short-term market may become calm, downstream procurement is not active, molybdenum concentrate transactions are difficult to enlarge, and the market mainly fluctuates within a narrow range.
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