2025年12月26日钼价和钢价一览 | | | 中鸽在线主要钥产品与钢材报价表 | | | | | --- | --- | --- | --- | --- | --- | | | | 2025年12月26日 | | | | | 产品名称 | | 规格/含量 | 中钨在线报价 | 涨跌 | 車位 | | | 領鉄 | Mo60 | 244,000.00 | ↑ 2,000 | 元/吨 | | | 領精矿 | 40-45% | 3,730.00 | r | 元/吨度 | | | 铝酸钠 | ≥98% | 173,000.00 | - | 元/吨 | | 书 | 四钥酸铵 | 级品 | 233,000.00 | - | 元/吨 | | 亡品 | 七辑酸铵 | 级品 | 238,000.00 | - | 元/吨 | | | 領粉 | MP-1 | 450.00 | - | 元/千克 | | | 钼条 | Mo-1 | 452.00 | - | 元/千克 | | | 氧化钼 | ≥51% | 3.830.00 | - | 元/吨度 | | | 废钼 | WWWWW10 VDCen37800 COM | | CH | ...

2025年12月22日钼价和钢价一览 | | | 中鸽在线主要钥产品与钢材报价表 | | | | | --- | --- | --- | --- | --- | --- | | | | 2025年12月22日 | | | | | 产品名称 | | 规格/含量 | 中钨在线报价 | 涨跌 | 車位 | | | 組鉄 | Mo60 | 237,000.00 | ¥ 1,000 | 元/吨 | | | 領精矿 | 40-45% | 3,720.00 | F | 元/吨度 | | | 領数納 | ≥98% | 172,000.00 | + 1,000 | 元/吨 | | 铝 | 四钼酸铵 | 级品 | 232.000.00 | ↓ 1.000 | 兀/吨 | | לך ם | 七钥酸铵 | - 级品 | 237,000.00 | + 1,000 | 元/吨 | | | 相粉 | MP-1 | 450.00 | 13 | 元/千克 | | | 辑条 | Mo-1 | 452.00 | ↓ 3 | 元/千克 | | | 氧化钼 | ≥51% | 3,820.00 | - | 元/吨度 | | | 废钼 | WW用板K10 ...

2025年12月17日钼价和钢价一览 | | | 中钨在线主要钥产品与钢材报价表 | | | | | --- | --- | --- | --- | --- | --- | | | | 2025年12月17日 | | | | | 产品名称 | 相鉄 | 规格/含量 Mo60 | 中钨在线报价 237,000.00 | 涨跌 1,000 | 単位 元/吨 | | | 領精矿 | 40-45% | 3.700.00 | | 元/吨度 | | | 領数納 | ≥98% | 173,000.00 | | 冗/吨 | | | 四钼酸铵 | 级品 | 233,000.00 | - | 元/吨 | | 用 产 | 七钼酸铵 | 级品 | 238,000.00 | - | 元/吨 | | 品 | | | | | | | | 相粉 | MP-1 | 453.00 | 1 | 元/千克 | | | 错条 | Mo-1 | 455.00 | - | 元/千克 | | | 氧化钼 | ≥51% | 3,800.00 | - | 元/吨度 | | | 废钼 | WW铝板坯10 VDCen37800 COM. | | CH | 元/千克 ...

2025年12月15日钼价和钢价一览 | | | 中钙在线主要钥产品与钢材报价表 | | | | | --- | --- | --- | --- | --- | --- | | | | 2025年12月15日 | | | | | 产品名称 | | 规格/含量 | 中钨在线报价 | 涨跌 | 車位 | | | 領鉄 | Mo60 | 240,000.00 | - | 元/吨 | | | 領精矿 | 40-45% | 3,700.00 | ↓ 20 | 元/吨度 | | | 領数納 | ≥98% | 173,000.00 | - | 兀陣 | | 书 | 四钼酸铵 | 级品 | 233,000.00 | - | 元/吨 | | Iz | 七钥酸铵 | 级品 | 238,000.00 | - | 元/吨 | | | 相粉 | MP-1 | 453.00 | - | 元/千克 | | | 错条 | Mo-1 | 455.00 | - | 元/千克 | | | 氧化钼 | ≥51% | 3,800.00 | ↓ 20 | 元/吨度 | | | 废卸 WW | 铝板坯 who | 378.00 | | 元/千克 | | ...

Core Viewpoint - Liaoning Chuangshi Molybdenum Industry (Group) Co., Ltd. has successfully listed on the National Equities Exchange and Quotations (NEEQ), with Shenwan Hongyuan as the lead underwriter, indicating a significant milestone for the company and its growth strategy [1]. Company Overview - Established in 2006, Chuangshi Molybdenum specializes in the research, production, processing, and sales of molybdenum series products, including molybdenum iron alloy, molybdenum oxide, ammonium molybdate, high-purity molybdenum trioxide, molybdenum powder, and molybdenum metal [1]. - The company has developed into a large enterprise engaged in the entire line of research, production, and sales of molybdenum products, from rough processing to deep processing, after over a decade of technological accumulation [1]. Market Position - Chuangshi Molybdenum is positioned as a leading enterprise in the domestic molybdenum iron alloy industry, with its main product, molybdenum iron alloy, ranking among the top in domestic sales market share in 2024 [1]. Future Strategy - The company plans to extend its industrial chain by engaging in mineral mining through its subsidiary, Mongolian Molybdenum Metal Company, to ensure stable raw material supply, reduce procurement costs, enhance overall operational efficiency, and improve risk resistance [1]. - Shenwan Hongyuan's support aligns with the national innovation-driven development strategy, providing a solid foundation for Chuangshi Molybdenum's future industrial chain upgrades and the layout of rhenium series products [1].

Core Insights - The overall trend of molybdenum prices in China for November 2025 shows a significant decline, with various molybdenum products experiencing price drops compared to the previous month [3][4] - Despite the recent price decreases, current molybdenum prices remain relatively high compared to the lowest points earlier in the year [4] Price Trends - Molybdenum concentrate price decreased by approximately 14.72%, molybdenum iron by 13.33%, and ammonium molybdate by 10.73% in November 2025 [3] - The average prices for various molybdenum products in November 2025 are as follows: - Molybdenum concentrate: 3,860 CNY/ton, down 12.43% month-on-month, up 3.54% year-on-year - Molybdenum iron: 249,100 CNY/ton, down 10.93% month-on-month, up 3.36% year-on-year - Molybdenum oxide: 3,972 CNY/ton, down 11.95% month-on-month, up 3.87% year-on-year - Sodium molybdate: 176,700 CNY/ton, down 8.97% month-on-month, up 4.85% year-on-year - Ammonium tetrathiomolybdate: 241,300 CNY/ton, down 9.83% month-on-month, up 5.13% year-on-year - Ammonium heptamolybdate: 246,000 CNY/ton, down 9.54% month-on-month, up 5.34% year-on-year - Molybdenum powder: 465 CNY/kg, down 7.19% month-on-month, up 7.14% year-on-year - Molybdenum rods: 471 CNY/kg, down 6.92% month-on-month, up 1.29% year-on-year [6] Market Influences - Short-term price declines are attributed to weak international molybdenum market conditions, fluctuating steel prices, and a lack of effective support from production costs [3] - The trading sentiment among merchants, characterized by a "buy high, sell low" mentality, has further exacerbated the downward price trend [3]

Group 1 - The 10th Sino-British International Particle Technology Forum was successfully held in Xi'an, focusing on academic exchange and industry collaboration in particle technology [1][3] - The forum gathered over 300 experts, scholars, and industry representatives from various countries to discuss cutting-edge research, innovative applications, and future industry trends in particle technology [3][6] - The event provided a significant platform for promoting academic innovation and industrial integration in the global particle technology field [3] Group 2 - Yan Ping, Chairman of Jinchang Molybdenum Co., Ltd., highlighted the company's breakthroughs and achievements in the field of molybdenum metal materials, particularly in particle technology [5] - The forum featured keynote speeches from prominent experts, including Professor Ding Yulong and Professor Yu Aibing, who discussed advanced powder characterization, processing techniques, and AI-driven innovations in particle technology [5][6] - The event included a visit to Jinchang Molybdenum's Xi'an Molybdenum Industrial Park, where experts praised the company's achievements in preparation technology, process innovation, and product quality control [8]

Group 1 - The core investment of 3 billion yuan is directed towards a 100,000-ton annual production project of adiponitrile, located in Jinzhou's Taihe District, which is crucial for nylon production [1][2] - Adiponitrile is a key raw material for nylon 66, which is increasingly important in the booming electric vehicle industry, indicating a high-growth potential in the new materials sector in China [1][2] - The project addresses a long-standing gap in China's ability to produce adiponitrile domestically, which has been likened to being able to steam buns without having flour [1] Group 2 - The choice of Taihe District for the project was influenced by its comprehensive facilities, strong industrial foundation, and professional workforce, which facilitated effective communication and collaboration [2][3] - The local government's proactive support and high-frequency coordination have accelerated the project's implementation, demonstrating a commitment to meeting the enterprise's operational needs [2][3] Group 3 - The development strategy in Jinzhou emphasizes a balance between innovation and the utilization of existing industrial strengths, focusing on establishing new industries while enhancing traditional sectors [4][5] - Jinzhou's industrial landscape is characterized by a concentration of 73 enterprises in the special alloy industry cluster, showcasing a complete industrial chain from metal material production to deep processing [5][6] Group 4 - The region's approach to circular economy practices, such as the collaboration between companies to recycle waste materials, exemplifies innovative resource utilization and cost efficiency [7][8] - The establishment of a dedicated team to assist enterprises in navigating administrative processes has streamlined operations and improved project execution efficiency [10][11] Group 5 - The local government's reform initiatives aim to enhance the management and operational efficiency of development zones, fostering a conducive environment for industrial growth [9][10] - The overall spirit of development in Jinzhou reflects a strong commitment to overcoming challenges and achieving breakthroughs in various sectors, driven by a collective ambition for progress [11]

Group 1 - In the first quarter of 2025, Jinzhou's industrial added value above designated size increased by 11% year-on-year, ranking third in the province, indicating a robust industrial transformation driven by new productivity and innovation [1] - Liaoning Hongtuo New Materials Technology Co., Ltd. has upgraded its production processes, achieving a 40% year-on-year increase in output and enhancing ammonium molybdate purity from 98% to 99.5% through continuous crystallization technology [1] - Jinzhou Jinheng Automotive Safety Systems Co., Ltd. reported impressive results with an airbag production of 980,000 sets and a revenue of 887 million yuan, reflecting a year-on-year growth of 68% and 116% respectively, driven by a clear understanding of new productivity [1] Group 2 - The company has established a closed-loop system supported by 35 new projects from domestic car manufacturers, focusing on market demand, R&D innovation, and capacity release [2] - Jinzhou's industrial development is supported by the "21152" industrial doubling plan, which addresses challenges through financing solutions, talent collaboration, and tailored strategies for individual enterprises [2] - In the first quarter, the three leading industries showed significant growth: equipment manufacturing increased by 52%, metallurgy and new materials by 5.3%, and petrochemicals by 2.1%, indicating a balanced development between traditional and emerging industries [2]

Core Viewpoint - Company performance meets expectations with a stable dividend policy, indicating resilience despite a slight decline in net profit [1][3] Financial Performance - In 2024, the company achieved revenue of 13.571 billion, a year-on-year increase of 17.68%, while net profit attributable to shareholders was 2.983 billion, a decrease of 3.76% [1] - In Q4 2024, revenue was 3.473 billion, a quarter-on-quarter decrease of 0.89% but a year-on-year increase of 29.68%; net profit for the same period was 788 million, a quarter-on-quarter increase of 14.49% and a year-on-year increase of 3.32% [1] Margin and Cost Structure - Q4 2024 molybdenum concentrate price decreased by 0.70% quarter-on-quarter but increased by 18.27% year-on-year to 3,676 per ton; the gross margin improved due to increased sales of self-produced ore [2] - The company maintained high R&D investment, with R&D expenses in Q4 2024 increasing by 93.83% quarter-on-quarter to 157 million, representing 4.52% of revenue [2] Dividend Policy - The company plans to distribute a cash dividend of 4 per 10 shares, totaling 1.29 billion, with a payout ratio of 43%, an increase of 1.63 percentage points year-on-year; the dividend yield is estimated at 3.98% [3] Market Outlook - The company is optimistic about the rising molybdenum prices, expecting improved performance due to industry supply optimization and cost reductions; the current stable operation of its mines positions the company to benefit from price increases [3] Earnings Forecast - Revenue projections for 2025-2027 are 14.3 billion, 15.6 billion, and 18.3 billion, with net profits expected to be 3.2 billion, 3.5 billion, and 3.8 billion respectively; corresponding EPS estimates are 0.98, 1.07, and 1.19, with PE ratios of 11, 10, and 9 [4]