At present ferromolybdenum market mainstream quotation price is 148000-151000yuan RMB/mt, but the market situation is unstable. Market situation is continually in depression, so it’s possible that ferromolybdenum price will drop.

   As we know, after-market is unstable, domestic large steel manufacturers don’t have many invitations to bid. Besides, domestic raw material market continue dropping, so domestic ferromolybdenum is not looked in good situation.