Current mainstream offer is stable at 127000-130000yuan/mt, with a small volume of enquiries and transactions.

  According to a trader in Hebei province, the transaction price is 129000yuan/me, with rare enquires and transactions, so they don’t plan to purchase. A ferromolybdenum manufacturer in Henan province said their current offer was 128000yuan/mt without enquiries. According to a trader there, steel mills are facing pressure from different aspects at present, so their purchase for ferromolybdenum reduced significantly. Currently, steel mills purchase price are getting lower, and transactions are also difficult to conclude. The offer of a ferromolybdenum manufacturer in Shanxi province is 128000yuan/mt, but no transactions are concluded. So is an ferromolybdenum manufacturer in Jinzhou city.

  In general, domestic ferromolybdenum price will be stable in short term, and it’s probable to rise slightly on the back of domestic molybdenum concentrate, but it’s hard to rise significantly.