Some domestic steel mill tenders are stable now in October, others are sliding slightly. The domestic market is running slow at the moment, and the atomosphere is most wait-and-see.

　　A few steel mills at Hebei are holding tenders for about 193 ton at Yuan 55000/mt accepted. A tender at Jiangsu is about Yuan 53500/mt for 130 ton, 3 month accepted.

　　Another steel mill holds tender for about 170 ton, which turns out to be Yuan 54000/mt; A tender from Hunan for 130 ton, which is yet to be announced.

　　Beginning from this week, some steel mill from Jiangsu are going to hold tender for ferromoly, but the situation is not optimistic. A steelmaker at Shanxi will be delayed as the inventory is large.

　　Some sources say that a few companies are importing molybdenum oxide at $4.7-$4.88/lb, but the volumn is not that significant.

　　According to the pattern of the market, if there is transaction, there is upward support for price. This round of import may support the international market. However, the actual transactions are below the lower limit, so the influence may be negative as well.

　　The conflict of global supply and demand is extremely intense, and the domestic market is pessimistic as well. The raw material has run below the cost for a long time facing heavily pressure from steel mills. Perhaps, some mines are going back to work in October, which shows that the challenge is not over yet.