A round of tenders from the steel mills is coming by the end of the month, and inquiries are increasing though the negative sentiment dominates the market. Lacking of confidence and prospective depression pushes the domestic molybdenum market into an embarrass situation.

       The steel industry is under heavy pressure, and cannot find effective solution in short time. The molybdenum industry has to face the difficulty passively. As the coming of May and the slipping pricing of international market, if the price reached the bottom line, the industry might resist violently. Stalemate is the normalcy.