Current bulk ferromolybdenum market mainstream offer is 146000-149000yuan/mt, with rare enquiries, only price but no sales. Some ferromolybdenum producers said, ferromolybdenum sales is in pressure because of weak ferromolybdenum demand, although molybdenum concentrates and molybdenum oxide is dropping. It’s learned that some traders dare not purchase, because demand is not probable to recover in short term.

   A steel mill in South Korea tender for molybdenum oxide price is only 15.8 USD/pound. At present. At present, European molybdenum oxide price keeps dropping and it also influenced domestic molybdenum market.