At present, domestic bulk ferromolybdenum mainstream quotation price is 149000-151000yuan RMB/mt, with few enquiries. Because market situation is unstable, most people are waiting and seeing.

An ferromolybdenum manufacturer in Hebei province said, it’s hard to conclude a transaction recently, and the quotation price is only 15000yuan RMB/mt. A trader in the area said they concluded a few transactions at as low as 146000yuan RMB/mt.

As we know, the market demand is not enough at present, and the situation is not so good, so most people are waiting and seeing.