Recently under the influence of moly materials, the molybdneum price both in and outside China moved higher as market activities continuing to rise.

　　1, The international moly price keeps rising.

　　Yesterday the international molybdenum oxide assessment rose to $11.3-11.45/lb, equivelent to RMB 1953-1979 yuan/mtu on import basis. While the European ferromoly assessment also rose to $27.5-27.8/kg, equivelent to RMB 11,1500-11,2700 yuan/mt on export basis.

　　We have learnt that both the BHP and the Antamina had witnessed a huge decrease in its production in the second quarter of this year. The RIO produced 1900 tons in the forth quarter of 2017, as well as 1500 tons and 700 tons in the first and second quarter of 2018 respectively. While the RHP produced 579 tons in the forth quarter of 2017, as well as 420 tons and 261 tons in the first and second quarter of 2018 respectively.

　　2,The molybdenum market in China maintains an optimistic sentiment.

　　It was difficult to make purchase at low prices as the market sentiment expressed good and optimistic. According to our statistics, as of yeaterday about 5000 tons moly concentrate had been concluded in China. 45-50% concentrate with high-copper was reported at acceptance 1590 yuan/mtu in Jiangxi province. Recently inquiries in the moly concentrate bulk market performed active. Most of sellers were optimistic about the market in the future, rising its assessment to a higher level.

　　It was good to export ferromoly due to high-price moly concnetrate, increasing inquirise, plus with rising international moly price and the depreciation of RMB. Ferromoly producers continued to lift its quotations facing less pressures on delivery. With steel mills starting to purchase the price also broke 11,0000 yuan/mt. Currently mainstream ferromoly producers mainly offered at 11,0000-11,2000 yuan/mt, and sales was expected to increase.

　　Affectd by the moly concentrate market lots of moly chemical companies had stopped offering temporarily, but some also tried to rise its assessment up. At present the first-class ammonim molybdate assessment rises to 10,7000-10,9000 yuan/t, while the first-class ammonium dimolybdate also rises to 10,9000-11,1000 yuan/t. Sellers hold a positive attitude, and actual sales are expected to improve.

　　In summary, the tight supply of moly materials has driven the increase in the price. Recently steelmakers began to make purchase gradually. The moly price is expected to move up with the market demand releasing.