As down-stream enterprises inquiries beef up, the large-scaled minning company has begun to offer. The molybdenum concentrate market becomes stronger, with some deals have been carried out. While the down-stream molybdenum market is quiet, and the company sentiment remains cautious.

Molybdenum concentrate market stay steady.

Early in this week, inquiries in theconcentrate market have increased with steelmakers come in and purchase. Mining enterprises also gradually offer to the public as production proceeds. Both the long-term deal and offers by mainstream minning companies remain stable. A large amount of deals have been conducted within the mainstream assessment.

According to comelan, molybdenum concentrate have been booked in many regions yesterday, including Mongolia,Jilin and Jiangxi province. Besides long-term deals, 50-55% and 45-50% molybdenum concentrate have been booked at 1630 yuan/t in cash and 1630 yuan/t in acceptance respectively. Otherwise, a minning company in Hei Longjiang province has offered 50-55% molybdenum concentrate at 1640-1680 yuan/t(small volume for cash,and large volume for acceptance). So far any deals have been heard of , and further trading remains to be concerned.

Down-stream molybdenum market seems light

At present, the offer of ferromoly companies is bascially between 10,8000-11,2000 yuan/t. Early in this week market inquiries and deals are light, with the biding price hovering at a low level. The ferromoly bulk market is relatively calm, and hold a strong sentiment of waiting. The market holds different opinions on mills tender, which caused the chaotic of tendering price and the widening gap.

There are a few inquiries in molybdenum chemical and products market, and the mainstream offer maintains firm. According to comelan, The mainstream offer of first-class ammonium molybdate has reached 10,9000 yuan/t, as well as the first-class powder remains at 22,5000-23,0000 yuan/t. Sellers said that demand semms weak and market activities are lack of energy.

Summary: The raw material market sentiment is stable.The trading volume keeps expanding, while the down-stream market performs a little sluggish and the company sentiment is still cautious. The market foundation is solid despite the divergence in molybdenum market. The market may still be able to maintain stable in short term under the influence of the firm raw material,. It is difficult to have large fluctuation.

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