[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. The daily European molybdenum oxide assessment was at $12.9-13/lb.Domestic molybdenum raw material prices are high with low stocks in mines; stock-holding cost of ferro molybdenum manufacturers also is increasing and molybdenum chemical enterprises are not likely to reduce product prices despite tightening availability of raw materials. Molybdenum bars, slabs and sections, the terminal products, prices are raised and manufacturers are actively guiding customers in accepting price adjustments. Molybdenum raw materials continue to drive downstream molybdenum products, the mainstream price of ferromolybdenum is RMB115,000-119,000 /ton, up RMB 2000-3000 /ton, and 40-45% molybdenum concentrate at the end of the week rise to RMB 1,700-1,710 /mtu.so molybdenum price would keep on rising in the short-term.

• [Editor:Jiang Li Juan ]