[Ferro-Alloys.com] 

Molybdenum is rising; Tungsten and Vanadium are running smoothly

Vanadium Alloy market newsletter:                                                      unit:10,000 yuan/ton

In this week, the vanadium alloy market run smoothly, the prices of 98% flake V2O5, ferrovanadium and VN are flat with last week, some enterprises quoted prices are up. As of Friday, the price of 98% flake V2O5 is 80,000-82,000 yuan/ton; the price of ferrovanadium is 90,000-92,000 yuan/ton; the price of VN alloy is 120,000-122,000 yuan/ton. At present, the domestic vanadium enterprises are more full of single production, most of the enterprises are in a wait-and-see state, the domestic steel factory procurement bidding is less at the end of the month, the industry as a whole low-price sales atmosphere is strong, suppliers low-price shipping intention is not high, Market participants wait-and-see atmosphere is strong.

Molybdenum market newsletter：                                                                           unit:10,000 yuan/ton

                                                                                                                                               unit:1,000 yuan/ton

Recently, the bidding situation of domestic molybdenum iron and steel plant is not active, the price of stainless steel in China has fallen back, and the consumption of stainless steel has increased. With the centralized bidding of steel, the demand for molybdenum iron in the subsequent market is still abundant. As of Friday, the domestic price of ferromolybdenum60# is 96,000-97,000 yuan/ ton, up 3,000 yuan/ton compared to last week;the price of molybdenum concentrate 40%-45% is about 1,430-1,450 yuan/ton, up 30 yuan/ton compared to last week; the mainstream price of molybdenum oxide is 1,500-1,520 yuan/ton, up 30 yuan/ton compared to last week. The price of ferromolybdenum60# in Europe has risen by $1, and the current price is between $23.60-23.80/ kg, while the price of molybdenum oxide in Europe is about $9.30-9.35/ pound. It is reported that Luanchuan a large mine will start a new round of molybdenum concentrate bidding sales next week, according to the industry forecast，the prices may continue to rise, thus driving price of quotation of molybdenum concentrate higher. Domestic large steel mills are about to launch centralized procurement, stainless steel demand and ferromolybdenum costs increased, prices are expected to continue to rise in the future.

Tungsten alloy market newsletter：                                                   unit:10,000 yuan/ton

This week the tungsten alloy market runs smoothly, the price rises slightly but does not fluctuate.As of Friday, the price of tungsten concentrate 65% is 81,000-83,000 yuan/ton, the same as last week; the price of ferrotungsten is 134,000-135,000 yuan/ton, down 1000 yuan compared to last week; the price of APT is 124,000-125,000 yuan/ton,down 1000 yuan compared to last week. Recently, due to the shutdown and maintenance of a large ferrotungsten enterprise in China, and the centralized bidding of steel mills, the domestic tungsten iron price has increased significantly. Due to the stubborn attitude about price of the raw material end, it is expected that the market operation of tungsten alloy will be more stable in the later stage.

The following is a quotation for large enterprises:

Ganzhou Tungsten Association: the average forecast price of domestic tungsten market in November 2020, the price of 55% wolframite concentrate was 80800 yuan/ton is 80,800 yuan / ton, down 2,200 yuan / ton compared to October; the price of APT was 124,000 yuan/ton, down 3,500 yuan / ton compared to October;

Zhangyuan Tungsten Industry: Chongyi Zhangyuan Tungsten Industry Co., Ltd., The quotation for the second half of the month of November is as follows: Black tungsten concentrate (WO3≥55%: 82,000 yuan/ton, up 1,200 yuan/ton compared to the first half of November; cheelite concentrate (WO3≥55%):80,500 yuan/ton, up 1,200 yuan/ton compared to the first half of November; Ammonium paratungstate (GB zero):125,000 yuan / ton, up 1,200 yuan/ton compared to the first half of November.(Note: the above unit price includes 13% VAT.)

For more ferroalloys market information, please click http://www.ferro-alloys.cn/ .

• [Editor:wenxin]