In recent two days the molybdneum markets both in and outside China have been experiencing more activities as buying business picked up. The market sentiment was good and stable.

　　1, The molybdenum concentrate market see stable transactions

　　The molybdneum concentrate market remained stable, with long-term contracts delivering smoothly. Some deals was reported concluded at the bulk market.

　　About 200 tons of 40-45% and 45-50% concentrates were heard booked at cash 1780-1790 yuan/mtu and at acceptance 1835 yuan/mtu respectively in Zhejiang and Henan province. A mining company in Sichuan province successfully sold 66 tons of 45-50% high-copper concentrates at cash 1760 yuan/mtu, while in Mongolia 30 tons of 50-55% concentrates were reported concluded at cash 1830 yuan/mtu. In Hunan province deals were reported at 1750 yuan/mtu for 60 tons of 40-45% concentrates, and 30 tons of 45-50% concentrates were reported booked at cash 1750 yuan/mtu in Jiangxi province.

　　2, Tenders for ferromoly seem less, the bulk market appears subdued

　　A steel mill in Jiangxi province yesterday tendered for 60 tons ferromoly at acceptance 12,5000 yuan/mt, while a steelmaker in Hebei purchased about 30 tons at acceptance 12,7000 yuan/mt. According to our statistics, as of yesterday mainstream steel mills have bought about 2400 tons ferromoly, with announced prices bascially hovering at 12,5000-12,7000 yuan/mt.

　　At present ferromoly companies, as we learnt, still maintained their quotations unchanged mainly at 12,6000-13,0000 yuan/mt, but the bulk market seemed subdued. Some participants have changed their attitudes toward the development of the market.

　　3, The moly chemical and product market remains stable

　　The first-class ammonium molybdate and dimolybdate assessment unchanged at 12,6000-12,8000 yuan/t and 12,8000-13,000 yuan/t. The first-class molybdenum powders assessment also remained stable at 25,5000-26,5000 yuan/t. After the primary market calmed down, downstream companies were cautious about purchasing materials as its price failed to catch up in time. Overall the chemical and product market was stable in slack trade.

　　In conclusion, as market activities increasing, participants’s confidence in the market was likely to improve. Please pay attention to changes and transactions in the future.