[Ferro-Alloys.com]

Molybdenum market newsletter：                                                    unit:10,000 yuan/ton

                                                                                                              unit:1,000 yuan/ton

This week , the domestic molybdenum market runs smoothly, molybdenum price rises steadily. As of Friday, the domestic price of ferromolybdenum60# is 99,000-101,000 yuan/ ton; the price of molybdenum concentrate 40%-45% is about 1,480-1,500 yuan/ton; the mainstream price of molybdenum oxide is 1,500-1,600 yuan/ton. On Wednesday, the international price of molybdenum oxide rose to $9.9 per pound and the offer rose to $10 per pound. Domestic molybdenum mining and steel plant procurement transactions are considerable, the overall market trading mood is positive.It is reported that the northern molybdenum mine molybdenum concentrate 45-50% transaction price of 1,490 yuan / ton cash, the transaction volume of more than 400 tons. A steel enterprise in Jiangsu ferromolybdenum bidding price was 9,900 yuan / ton half-cash. This month, the domestic bid volume of ferromolybdenum has reached more than 10,000 tons, and the volume of molybdenum concentrate has also approached 10,000 tons. It is expected that the molybdenum alloy market will continue to rise steadily in the later period.

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• [Editor:wenxin]