As the molybdenum market dropped and there were no signs to slow down, domestic demand for ferromolybdenum is very weak. Although some manufacture cut its quotation price, there are still few enquiries and transactions. Current mainstream domestic market quotations for the Mo-Fe is 137000-140000yuan RMB/mt. It is learned that manufacturers begin enquiries about molybdenum concentrate market, but there are few actual transactions. Most manufacturers that they were very cautious about current purchase of raw materials, and they are mainly waiting and seeing.

    According to a manufacturer in Liaoning Province, its current offer is 140000yuan / mt, and there is room for the price to fall in actual transactions; but there is basically no transactions in bulk ferromolybdenum, except for transactions with old customers. According to another mill in the region, currently they intend to ship out at 137000-138000yuan / mt, but the market is weak in purchase. As a ferromolybdenum manufacturer in Henan province, they already cut the price to 137,000 yuan / mt. While a trader in Tianjin city said, they can not sell at the current price, so they can only hold inventory.

 
    It is learned that a steel mill in North China invite tenders for 200 tons of ferromolybdenum, and the tender price will be announced in a short time. A steel plant in East China invite tender for 20 tons of molybdenum, and the price will be announced today. In addition, a steel mill in central China also planned invite tenders recently. Various negative factors at home and abroad makes domestic Mo market probable to drop, and ferromolybdenum prices are likely to continue dropping.