Early in this week molybdenum concentrate deals have been conducted appropriately with biding price keeps stable. However,the ferromoly as well as molybdenum chemicals and products market have seen weakness. The molybdenum market has stuck in a "tug of war",and divergence among markets has not been resolved.

　　International molybdenum price keeps healthy

　　International offer of molybdenum oxide is at (+0.1) $11.4-11.5/lb, equivalent to the import price of 1865-1882 yuan/t yesterday.Europeean ferromoly offer is at (+0.2)$28.1-28.3(+0.2)/kg,equivalent to the export price of 10,79000-10,87000 yuan/t.

　　The molybdenum concentrate market has released gradually and transcations are steady.

　　Molybdenum concentrate volumes circulated in the bulk market are small.Large-scaled mines have keep their offer firm and stable.The market sentiment is stable with deals continue to be conducted.According to comelan,mainstrean trading volume of molybdenum concentrate is close to 600 tons only in two working days this week.The biding price basically remains stable,giving support to down-stream markets from the demand side.

　　There are deals booked in many regions including Jilin,Mongolia,Jiangxi,Zhejiang and Shananxi province.Besides the long-term contracts, 50-55%,45-50% and 40-45% molybdenum concentrate have been booked at 1630 yuan/t,1610-1630 yuan/t and 1600 yuan/t respectively.Some mines in Hei Longjiang,Mongolia and Henan province also said that they can sell a certain. Market trading may still remain to be expaned.

　　Ferromoly as well as chemicals and products markets continue to consolidate

　　In recent days, mills tenders that have been announced are at 10,7000-10,9000 yuan/t.Ferromoly producers still stuck in cost overhang.The molybdenum chemicals market is also not optimistic.Mainstream offer of the first-class ammonium maintain stable and unchanged, while market actual transactions have mainly hovered at a low level. Deals are heared at 10,8000-11,1000 yuan/t.

　　Molybdenum materials market is relatively strong.The mainstream offer of products, including ferro-molybdenum,ammonium molybdate and molybdenum powder etc.,remains steady with the support from the demand side. From the actual trading conditon,markets still face a certain pressure,and keep its consolidation steady.

　　Summary: The raw material market is expected to keep firm in short-term, which gives a certain support to the whole molybdenum products market. However,the down-stream products market is still weak. The loss of market confidence and good factors have caused pressures on the market.The molybdenum market keeps stable and continues to consolidate.

　　Edited exclusively by comelan and can not be reposted!