As large steel mills come to make purchase, both ferromoly producers and mining companies were suffering from limited stocks and spot lots, which driven the ferromoly prices to rise. Buying activities in the molybdenum market also became more active.

　　1, Supply of the moly concentrate was tight, inquiries increase

　　This week supply of molybdenum concentrate seemed a little tight as some large mining companies in Hei Longjiang and Mongolia have stopped to overhaul. The molybdenum market has received many orders and transactions, while the bulk market was dealing with limited spots, with sellers strongly unwilling to sell at low prices. Recently molybdenum concentrates were reported booked at 1800-1850 yuan/mtu. Low-prices products started to fade from the market due to the limited spot lots.

　　2, The ferromoly prices go up as steel mills release buy tenders

　　Typical steelmakers in many regions, including Shanghai, Shananxi, Jiangxi and Hubei province etc., came to make purchase, stimulating increased activities in the market. According to our statistics, as of yesterday mainstream steel mills have tendered for totally 7800 tons of ferromoly. A steel mill in Shanghai province has purchased ferromoly at 12,9000 yuan/mt, climbing obviously than the previous’s.

　　Affected by brisk tenders, the transaction price of ferromoly in the bulk market also began to go up. Currently ferromoly companies mainly offered at prices ranging from 13,0000 yuan/mt to 13,5000 yuan/mt, and prices of bulk cargoes were also rising gradually. Overall the ferromoly market will enjoy an increase trend in short terms.

　　3, Moly chemical prices rally while the moly product market remain stable

　　Some moly chemical companies have stopped providing quotations, due to the overhaul of some mines and the tight supply of raw material. At present the first-class ammonium molybdate and dimolybdate assessment rose to 12,8000-13,0000 yuan/t and 13,0000-13,2000 yuan/t respectively. Inquiries and transactions in the market will also increase.

　　The moly product market still remained stable, with some products prices slightly changing. Part of enterprises have stopped offering temporarily and waited to see the developmet of the market. The first-class molybdenum powders assessment reached 26,5000 yuan/t, and the whole market is expected to turn around.

　　In conclusion, the transaction price of products have witnesed an apprant rise due to the release of demands. Inquiries in the molybdenum market seemed brisk influenced by the tight supply of raw materials. Particpants were optimistic about the market and the molybdenum price is expected to go up.

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