The molybdenum concentrate price had seen an obvious drop as large-scaled mining companies decreased their offer to sell last week.Meanwhile the trading volumes had expanded and the market sentiment became stable gradually.Tenders from the ferromoly market was relatively low, and both its price and bulk price had seen a slight drop.There were not much conclusions on moly chemicals and deep-processing products.Major moly products price in the international moly market had also experienced a slight decrease influenced by the reduction in price from the Chinese material market.

　　Market uncertainty has aggravated with the reignition of trade wars

　　The U.S.government had announced they will impose 25% tariff on about 50 billion dollars products that has been imported from China on June 15.After 6 hours,China took actions by announcing 25 % tariffs on 50 billion dollars products that has been made from the United State,of 545 products are about 34 billion dollars.This will be implemented on July 6,and the implementation of tariffs on other commodities will be announced separately.

　　The United State started the trade war actively ,but China responsed calmly.The trade war derives from trade protectionise and nativenism.The aggravation of trade wars may increase regional trade barriers and lead to market instability.

　　The Chinese molybdenum market Analysis

　　The moly material market may not see large fluctuations in June.At present,moly concentrate in the bulk market is relatively low.Meanwhile thin orders may cause light demand and supply in the moly concentrate market.

　　According to previous market rules, most of steel mills will come to purchase ferromoly in the last week of June. The future of ferromoly producers mainly depends on whether the ferromoly market can withstand pressures, as well as the subsequent tender volumes and price . The molybdenum chemical and the deep-processing marketwere waiting, affected by the production cycle. Market demands were less, with stable assessment from mainstream companies and less conclusions.Demands had gradually increased as activities proceeded.The market may release volumes at a price that can be accepted by both the downstream and upstream companies. The weak balance between supply and demand in the molybdenum market had not changed,and will continue to late June.

　　Summary: The molybdenum raw materials market may remain stable in the short and medium term,but the downstream market has withstand a certain pressures. Uncertainties from the international market and the impact on industries from environmental inspection will also become apparent. The molybdenum market maintained weak with a stable and cautious sentiment.