The molybdenum price both in and outside China began to stabilize after going through a sharp increase. The market also steadily moved forward with cautious.

　　1, The molybdenum concentrate market focus on the production and delivery of large mining companies.

　　Affected by the rainy season and mine maintenance, the production of molybdenum concentrate in China had seen a reduction which resulted in a tight supply in the market. Based on our statistics, the total output of concentrate in July fell 6.31% compared with last month, stimulating the price to go up to some extent. Entering into August some mining companies resumed production gradually. However the transaction price of moly concentrate is expected to maintained stable and healthy mainly because of the previous orders and the high profit rate of ferromoly-processing

　　With the concentrate price reaching 1800 yuan/mtu, previous inventories strongly intended to inflow into the market, but most of buyers took cautious about purchasing. Besides the transaction price of concentrate started to stabilize. Recently 45-50% concentrate was reported concluded at cash 1840-1850 yuan/mtu.

　　2, The ferromolybdenum market appeared divergences

　　In light of our statistics, mainstream steel mills in China had tendered for about 9985 tons in July, up 6.7% compared with last month. It also increased about 6.3% from 9485 tons in the same period of 2017. Overall the market demand was good.

　　At present ferromoly producers in China made an effort to maintain its quotations firm at a price mainly ranging from 13,5000-14,0000 yuan/mt. The ferromoly processing had seen a premium, and traders were taking more profits. The bulk market experienced chaos, with its transcation price lower than the biding price. Considering the current environmental inspections, the ferromoly price may hovered at a high level.

　　3, Moly chemical and deep-processing products remain to be concluded.

　　Early in August the tight supply in the concentrate market will be alleviated, but the moly chemical and deep-processing market will still suffer with insufficient supply predominantly influenced by the environmental inspection in Shananxi province. Currently the molybdenum content price remained at high levels. Orders in downstream companies had witnessed an increase on the back of the stability of the primary market. Transactions in the moly chemical and product market may be expected to turn around.

　　In conclusion, the tight demand and supply in the molybdenum market have been alleviated in short terms. Sellers took cautious and held different opinions, furtherly slowing their pace to make purchase