It is learned that molybdenum concentrate price continue dropping with few inquiries. Most participants are waiting and seeing. Current mainstream domestic market quotations for molybdenum concentrate is 2050-2100yuanl/mt.

  According to a broker in Luanchuan area, molybdenum concentrate transactions are not so many last weekend in Luanchuan area, with weak demand. The majority of brokers have already lost confidence in molybdenum, and they can only wait and see. Molybdenum concentrate transaction price is likely to fall below 2,000 yuan / mt and it’s probable to fall again. According to a mining enterprises in Jilin, they have not shipped recently, mainly because purchase enterprises become fewer and fewer. Manufacturers now do not intend to ship out, and are not going to quote either, just waiting and seeing. Industry participants expects that molybdenum oxide price is probable to fall in future, and the market outlook is not optimistic.