Due to the overall shortage of spot resources in the European market, the international price continues to be higher than that in the domestic market. Import resources decreased significantly, and the export of domestic main molybdenum products increased significantly.

Since May, the price of ferromolybdenum (femo60) has continued to rise: from May 6 to June 16, it has increased by 39000 yuan / ton, up 33.9%; The price of ferromolybdenum has soared in the past ten days. From June 3 to June 16, it has increased from 123000 yuan / ton to 154000 yuan / ton, up 31000 yuan / ton, up 25.2%.

There are two main reasons to boost the soaring price of ferromolybdenum: the increase of domestic and international demand and the rise of international molybdenum price. The domestic economy continued to improve, the output of the iron and steel industry increased year on year, and the demand for ferromolybdenum increased due to the overseas economic recovery, which pushed the price of ferromolybdenum up; The aggravation of the epidemic in Chile has led to the obstruction of its exports and the reduction of the supply of Chilean mines, which has driven the international molybdenum price to soar, and the price of ferromolybdenum has also risen.