During this present period, the mainstream domestic market quotations for Mo-Fe 137000-140000yuan RMB / mt, with few enquiries and transactions. Looking forward, market confidence is seriously inadequate.


    According to a ferromolybdenum manufacturer in Jinzhou city, current offer of molybdenum is 138000-140000 / mt, while manufacturers also said actual purchase price can be lower. According to a manufacturer in Henan province, he sold some ferromolybdenum recently, while the price was only 137,000 yuan / mt. A molybdenum iron factory in Hebei province said, currently bulk ferromolybdenum are difficult to ship out, and people don’t tend to purchase.


    It is reported that a steel mill in East China and Northwest China invited tender yesterday, with a total of 120 tons, and the tender price is 138500-139000 / mt (acceptance). It is understood that international molybdenum market continued being weak, and European Molybdenum Price fell below 15 dollars / pounds, with few little inquiries.

    In summery, the probability for domestic ferromolybdenum continued growing