Domestic molybdenum concentrate enquiries increased last weekend, which showed purchasers gradually increased. At present, domestic molybdenum concentrate manufacturers in major producing area quoted 1900-1950yuan/mt, and they don’t intend to ship out at low price. Molybdenum concentrate price exclusive tax is 1700yuan/mt in Luanchuan county, at which is difficult to conclude a transaction, but there are supply.

  Domestic molybdenum market are backed by European molybdenum market, but domestic steel mill tender price is comparatively low, which is hard to go up. A mine owner in Shanxi province said he shipped out 300tons of molybdenum concentrate at 1900yuan/mt,and most purchasers are chemical industry enterprises. The transactions are difficult to conclude, and most purchasers are regular customers. According to a trader in Luanchuan county, the transactions were thin last weekend, and most traders are reluctant to ship out, except for some traders who have pressure of capital, while the purchasers were also no many. Mine owners are reluctant to ship out and it’s difficult to purchase.