Recently, domestic molybdenum concentrates price dropped slightly, with mainstream transaction price of 2250yuan RMB/mt. Although the price dropped, the transaction volume doesn’t increase. Molybdenum concentrates price exclusive tax in Luanchuan area is 2000yuan RMB/ton with a few transactions. Both the buyers and the sellers are waiting and seeing, so the market is thin.

At present, main domestic concentrates area transaction volume is very small, because enterprises which plans to buy molybdenum concentrates see a thin after-market, and dare not buy goods. A Mongolia mineral enterprise said, they sold 20tons of molybdenum concentrates of 37% grade, which they wanted to quote at 2220yuan RMB, while no one wanted to buy at that price, so they can only reduce the price.