Domestic molybdenum concentrate market enquiries gradually increased, and enterprises intending to purchase become more. While, it’s difficult to get cargo at 1900yuan/mt at present. Although molybdenum market was active in Luanchuan county yesterday afternoon, few transactions were concluded. Molybdenum concentrate price exclusive tax is 1700yuan/mt, without supply.

  Domestic molybdenum began to be active yesterday as European molybdenum got stable. According to a trader in Luanchuan county, the enquiries for molybdenum concentrate has been increasing since yesterday afternoon. Most purchasers are ferromolybdenum enterprises, who dare not purchase before, while the aftermarket is probable to go up, so they begin purchasing in succession. It’s difficult to purchase molybdenum concentrate at 1900yuan/mt in the area, because mine owners are reluctant to ship out, coupled with gradually stable international molybdenum market. According to an enterprise in Hebei province, the enquiries grew yesterday afternoon, and purchasers also increased, but there were no transactions concluded, mainly because they don’t have inventories until next week.

   From above situation, it’s not probable to purchase at low price, and domestic molybdenum market is supposed to be stable.