Molybdenum Market Consolidates, Trading Sentiment Turns Cautious [SMM Molybdenum Daily Review]
[SMM Molybdenum Daily Review: Molybdenum Concentrate Prices Consolidate at High Levels, Trading Sentiment Turns Cautious] SMM News on June 11: Today, the molybdenum market was dominated by consolidation. Downstream demand from sectors such as molybdenum chemicals remained weak. Additionally, molybdenum concentrate suppliers concentrated on selling their inventory, leading to a shift in market sentiment, with some market participants turning bearish on the outlook. Today, the price of 45%-50% molybdenum concentrate was 3,830-3,860 yuan/mtu, unchanged from the previous trading day. Molybdenum iron prices closed at 245,000-250,000 yuan/mt, unchanged from the previous trading day.