It was learned that, ferromolybdenum manufacturers in Henan and Hebei province stop offering at present, and most of them are waiting and seeing. A trader in Hebei province said he has over 100tons storage, but he will not sell them because he bought them at a high price. A ferromolybdenum manufacturer said there is enquiries recently, with offer at 136000yuan RMB/mt, but there is not transactions at present.

   Yesterday, a domestic steel mill invite tenders for ferromolybdenum about 500tons, and the price will be known, but most participants are not optimistic to that.

    Ferromolybdenum is probable to drop in short term.