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[Ferro-Alloys.com] At present, the main reason for poor sales is further declining of insiders’ expectations and uncertainty for demand of steel mills, resulting wait-and-see mentality. For ferro molybdenum market, manufacturers are expected to lower their expected prices to ease pressure of production costs and price will be adjusted in a certain space. The game between molybdenum raw material market and terminal market will continue and approaching the end of the month, some miners are more willing to sell, molybdenum concentrate price fell to RMB1,640-1,650 per mtu. The weakening molybdenum market in China has brought some negative impact on the international market, On March27th, the Platts daily dealer ferromolybdenum assessment moved to $30.3-30.6/ kg from $30.4-30.6/ kg. The daily European molybdenum oxide assessment fell to $12.6-12.7/lb from$12.6-12.75/lb.. However, the tight supply also offers some support to market price. Whether the demand of steel mills could recover will be the focus of insiders.

• [Editor:Jiang Li Juan ]