Ferromolybdenum market mainstream offer at this stage is 148000-151000 /mt. Physical price is 146000-151000yuan / mt, and most transactions were concluded near the low side.

   As a ferromolybdenum producer in Henan province said, he sold 30 tons of ferromolybdenum  recently, at 146000 / mt. According to another ferrochrome producer in the region, they mainly sell goods to small steel mills, with small quantity but higher price compared with bulk ferrochrome. The current offer of bulk Mo-Fe is 150000yuan / mt, and there are 3 tons transactions at this price . According to a ferromolybdenum manufacturer, said there was no bulk ferromolybdenum transactions recently. Besides, since the raw material market is instable, they don’t have purchase plan. Ferromolybdenum mills in Liaoning province offer 148,000 yuan / mt. Besides transactions with old customers and supply to steel mill, bulk ferromolybdenum transactions are rare.

   For International ferromolybdenum, European molybdenum market kept going weak because of internal economic crisis. European molybdenum oxide traded below 17 U.S. dollars / pounds.  According to the latest news, South Korea Pohang Steel and Iron Co. Ltd. tender price was only 16 Molybdenum USD / pound.