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[Ferro-Alloys.com]The supply of molybdenum concentrate is tight and the quantity of steel biddings at the end of May increases, which offers support to the supply side.

[Ferro-Alloys.com]Molybdenum raw material supply and terminal demand refuse to budge, traders hold different views toward on the afternoon market,

[Ferro-Alloys.com]According to incomplete data statistics, the total output of molybdenum concentrate from January to April 2018 was 60,007 tons.

[Ferro-Alloys.com]In recent days, China’s molybdenum price shows stabilization on good mentality of businesses. On the one hand, the release of production capacity in mines is limited,

[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.

[Ferro-Alloys.com]At the beginning of the week, the international molybdenum price was slightly adjusted, but the overall situation was running at relatively high levels.

[Ferro-Alloys.com] International molybdenum price 8March 2018 dropped, the Platts daily dealer ferromolybdenum assessment moved to $30.95-31.25/lb from $31.05-$31.25/lb.

[Ferro-Alloys.com] International molybdenum price maintains at high level with rising raw material price and growing demand. On February23th, the European ferromolybdenum assessment moved to $30.5-30.7/lb from $30.2-$30.6/lb.