As large-scaled mining companies started to deliver, the molybdenum concentrate market was expected to rise making it more difficult to make purchase at low prices. Downstream ferromoly, plus with moly chemicals and deep-processing producers also began to change their mind gradually and rise its quotations.

　　1, The transaction price of molybdenum concentrate may continue to move higher.

　　Yesterday 50-55% molybdenum concentrate was heard to be concluded at cash 1570 yuan/mtu in Mongolia, and most of 45-50% moly concentrate in the bulk market was offered above cash 1550 yuan/mtu. As far as we know mining companies in many regions, including Mongolia, Jilin, Shananxi and Henan province etc., reported that they were not worried about delivery for lack of spot goods.

　　A mining company in Hei Longjiang province planned to presell some 50-55% molybdenum concentrate at 1590-1620 yuan/mtu (lower grades paid in cash and higher grades paid in acceptance). It was reported that downstream companies were enthusiastic about purchasing, but the actual conclusions still need to be followed up.

　　Large companies increased its assessmnet may not only stimulate the molybdenum concentrate market but also drive its transaction price higher.

　　2, The ferromoly and moly chemicals market develops steadily

　　Under the influence of increasing materials, mainstream ferromoly producers also started to lift their assessment with some had already stopped offering. Besides there were some producers offered at acceptance 11,1000 yuan/mt. Most sellers said that they were unwilling to sell at a price below cash 10,8000 yuan/mt.

　　High quality molybdenum concentrate price had seen an increase, as well as the moly chemicals products companies also tried to rise its quotations. At present the first-class ammonium molybdate assessment was mainly at 10,7000-10,8000 yuan/mt. Most of sellers were reluctant to sell at low prices as inquiries increasing.

　　In conclusions, downstream producers made purchase intensively which facilitate the moly concentrate price to move higher, as less spots in the molybdenum concentrate market. Ferromoly and moly chemicals assessment also followed up this trend actively, encouraging the transaction price to edge higher.