Heading toward the end of the month, the focus of the domestic ferromoly market is centered at tenders of steelmakers again. Downstream market is cautious about the purchase on raw material such as molybdenum concentrate. The inquiries and transaction is even.

　　There are about several hundred tons transaction done during the Luoyang Conference last week. 45% molybdenum concentrate and above is still at 1060 RMB/mt accepted, and some 50% above is at 1070 RMB/mt or more.

　　A producer from Inner Mongolia says that there are little spot goods at the moment, and the market confidence is not enough. The ferromoly tenders from major steelmakers hold weight then.

　　A trader from Luanchuan expresses that there is little demand for moly oxide, so the purchase on moly concentrate is prudent. The price of tender hold by steelmakers is ominous, so the company is going to purchase moly concentrate after the round of tender.

　　The steel mill tender is the biggest event every month, and the ever declining price worries market participants. Now the low price is rarely seen, and whether this round of tender will give lower price is still a question. However, as the moly concentrate spot good is slim, the result will mostly be a stalemate. The downward resistance is strong.