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[ferro-alloys.com] At the beginning of this week, molybdenum products in international market show weaker, but molybdenum market in China is relatively stable. On the aspect of molybdenum concentrate: inquiry in the market is active, however, traders in the industry is more reluctant to sell out and the actual trading volume is relatively limited, currently miners mainly execute long-term order, for the time being, the market is easy to rise but difficult to drop. On the aspect of ferromolybdenum: affected by the result of bid inviting of steel mill, the atmosphere in ferromolybdenum market is active, currently, offer of market shows relatively stable, and order of plants is full, and the actual concluded price slowly rises; for the time being, the market may be firm and the market atmosphere is still active.

Yichun Luming Mining is troubleshooting and stops the production, resulting in supply of molybdenum concntrate exists the tightening expectation, the demander is difficult to purchase raw material at a low price, and emotion of the enterprises holding goods seeing rise has increased, however, their confidences in this round of rise of molybdenum price are not strong. With view to bull factors of supply of molybdenum concentrate having a tightening expectation and price of the downstream stainless steel opening the rise mode again, bear factors of being in weak in international market, main offer of raw material molybdenum concentrate not rise to a large extent, current summer being a consumption slack season and abundant supply of ferromolybdenum, it is expected that this round rise of price of molybdenum will be relatively slow, and traders in the industry hold different opinions on the after-market trend, and are waiting that coming out of price of bid inviting of steel mill guides the clearer trend of domestic market.

• [Editor:Wang Linyan]