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[Ferro-Alloys.com]There are not bulk transactions in the molybdenum market in China after traders’ selling at low price. 5

[Ferro-Alloys.com] Chinese Spring Festival is near, molybdenum raw material market gradually depressed, the price retreated slightly. The reference price of 45-47% molybdenum concentrate was at RMB1,580-1,600 /mtu, compared with yesterday drop RMB20/mtu, and a...

[Ferro-Alloys.com]In the molybdenum business, the steel industry is our largest customer. More than 70% of molybdenum’s first use is in steel.

[Ferro-Alloys.com] Ferro-Alloys.com stated that nearly 63% of molybdenum supply is derived as a by-product mostly from copper miners while the remainder of molybdenum is sourced from primary producers, mostly in China.

[Ferro-Alloys.com] On January31th, the Platts daily dealer ferromolybdenum assessment moved to $29.8-30.1/lb from $29.9-$30.1/lb. The daily European molybdenum oxide assessment was at $11.8-11.9/kg.

[Ferro-Alloys.com]Molybdenum prices started the week Monday on a lower note as offers fell below $12/lb as buyers remained absent.

China exported 178.903 tons Ferromolybdenum in December 2017,up 10%

Ferro-Alloys.com]Molybdenum prices edged down Wednesday, with sources in Asia and Europe reporting a lack of interest in oxide powder.