Current domestic ferromolybdenum market mainstream quotation price is 132000-135000yuan/mt. Ferromolybdenum market doesn’t change.

It’s learned that domestic molybdenum concentrate market enquiries slightly increased, and some transactions are concluded. Raw material market began to become stable from decline, but domestic molybdenum market is not stable yet, so the demand is still weak, and the aftermarket is hard to forecast.

It’s learned that, a steel mill in east China invite tenders for 100 tons of ferromolybdenum at 124300yuan/mt and 124800yuan/mt, which hit a record low again. Bulk ferromolybdenum market is influenced and it will take longer time to become stable.