As the ferromoly price broke 13,0000 yuan/mt, the concentrate and ferromoly market felt the heat again in active trade, with its price largely moving higher.

　　The international molybdenum price continued to rise driven by the Chinese market. Yesterday the international molybdenum oxide assessment rose to $12.4-12.6/lb, equivelent to RMB 2157-2192 yuan/mtu on import basis. While the European ferromoly assessment climbed to $29.8-30.2/kg, equivelent to RMB 12,2000-12,3000 yuan/mt on export basis.

　　1, Analysis of the current molybdenum concentrate market

　　Although some large mining companies resumed production, the molybdenum concentrate market still suffered with tight supply, mainly because they were busy with previous orders. Driven by tenders from steel mills, inquiries in the bulk market seemed brisk, with its prices picking up. Therefore it was difficult to purchase molybdenum concentrate at a price below 1800 yuan/mtu.

　　Comelan daily assessment: 35-40%, 40-45%, 45-50% and 50-55% molybdenum concentrate assessment rose to 1780-1800 yuan/mtu, 1800-1830 yuan/mtu, 1830-1850 yuan/mtu and 1850-1870 yuan/mtu respectively. The assessment of 55% concentrate and above also ascended to 1870-1890 yuan/mtu.

　　2, The downstream molybdenum market continued to rally.

　　According to our statistics, as of yeaterday steel mills in China had tendered for about 9900 tons. The tendering price of some steelmakers had reached 13,0000-13,8000 yuan/mt, while some large ferromoly companies offered at 14,0000 yuan/mt. Overall the bulk market sentiment was good. Please pay attention to the influence of environmental inspections on the ferromoly industry.

　　Most of moly chemical companies still refused to offer, but only a few chose to offer to their regular customers on the basis of the material market. Currently the first-class ammonium dimolybdate assessment closed to 12,6000 yuan/t, and the ammonium heptamolybdate assessment had reached 13,0000 yuan/t. Besides the first-class molybdenum powder reached at 24,5000 yuan/t. Most of moly products companies were waiting to see the subsequent market as the moly primary market changed fast and the downstream market accepted slowly. They were not only reluctant to purchase high-price materials but also afraid of taking orders from downstream companies.

　　From the above, the molybdenum market performed well and healthy, with its price moving higher. Meanwhile the market sentiment was good. Sellers took cautious about purchasing and also focused on actual deals because of the soaring molybdenum price.