At present, domestic mainstream offer is 144000-1470100yuan/mt, with a few enquiries, and bulk ferromolybdenum transactions are rare.

As a molybdenum manufacturer said in Liaoning city, the mainstream offer is 144000-147000yuan/mt, and transaction price can be discussed. Another molybdenum manufacturer said, market situation is not stable at present, so they are watching and seeing, without offers. According to a trader in Hebei province, the transaction price is about 144000yuan/mt, and the transaction volume is too little. A manufacturer said they couldn’t get orders recently, and the price kept going down, so they stopped producing.

From ferromolybdenum enterprises listed above, we can see that ferromolybdenum market is thin at present, although the price dropped. Traders and steel mills didn’t purchase much, so domestic molybdenum aftermarket is probable to drop slightly.

It’s learned that, domestic steel mills seldom invite tenders recently. Steel mills in northeast and central China plan to invite tenders about ferromolybdenum, but it’s expected that the volume won’t be huge. Two of them plan to purchase about 300tons totally, and the price will not be high.