China Commodity Marketplace
The domestic molybdenum concentrate market remained stable at a high level during August. At the beginning of the month, domestic molybdenum concentrate prices lifted to a new eight-year high, following a large Heilongjiang miner increasing its sales prices. As a result, molybdenum prices in other producing regions also increased. Transactions were plentiful, with shrinking spot supply in the market during the month.
Domestic molybdenum prices are presently holding stable at high levels, with regular grade concentrates quoted at RMB 1,990~2,000/MTU and high grade concentrates at RMB 2,020~2,080/MTU.