Early this week the market price and quotations continued to climb in good trade. Meanwhile the market tried to avoid risks after going through a sharp increase.

　　Less spot lots can be found in the international molybdenum market, with its price moving higher. Yesterday the international molybdenum oxide assessment rose to $12.3-12.5/lb, equivelent to RMB 2141-2176 yuan/mtu on import basis. While the European ferromoly assessment rose to $29.6-30.1/kg, equivelent to RMB 12,1000-12,3000 yuan/mt on export basis.

　　1, Turnover of molybdenum materials starts to stabilize

　　According to our statistics, as of yesterday the turnover of moly concentrate closed to 9000 tons. Most of mining companies had seen low inventories and less pressures on sales, thus only a few were willing to offer actively. However the bulk market performed active in deals and inquiries. 45% concentrate price hovered at 1800 yuan/mtu. Overall the market was filled with both optimistic and cautious atmosphere. Sellers intended to make more delivery, but still reluctant to sell at low prices.

　　2, The ferromoly market appeared different opinions.

　　At the beginning of this week the ferromoly market faced an awkward situation of delayed demands and high-price materials, partially showing stronger intention to avoid risks. The ferromoly market was relatively quiet on Monday. Most of producers held a stable attitude while some still refuse to offer, with the highest assessment reaching 14,0000 yuan/mt. Traders and some producers were strongly willing to sell because of soaring price and profit-taking. The bulk market had seen a reduction in activities as some sellers were waiting to see the subsequent market.

　　3, Moly chemical and deep-processing product assessmnet continue to pick up

　　Influenced by the soaring concentrate price, lots of producers stopped offering and delivering temporarily as moly chemical and product companies were confused about the current situation. At present the first-class ammonium molybdate, dimolybdate and heptamolybdate assessment rose to 12,0000-12,2000 yuan/t, 12,2000-12,4000 yuan/t and 12,4000-12,7000 yuan/t respectively. The high-purity moly trioxide assessment climbed to 14,5000-14,7000 yuan/t. Besides the assessment of 98% sodium molybdate and the first-class moly powder also increased to 8,4000-8,6000 yuan/t and 24,0000-24,5000 yuan/t respectively.

　　In conclusion, early in this week the molybdenum market maintained good and healthy, with its turnover and inquiries getting steady gradually. Participants stared to take cautious about purchasing, but still continuing to focus on changes in the market sentiment.