Because price of calling for bids of Ferro Molybdenum of steel mill in China rises and price of international Ferro Molybdenum rises, confidence of manufacturers in China has enhanced, and offer of Ferro Molybdenum continues to rise.

Ansteel called for bids of 60 tons of Ferro Molybdenum 60%-B, and the acceptance price of that was RMB 78,900/MT; offer of international Ferro Molybdenum ranges from USD 19.95 to 20.7（+0.3/kg, main offer of ready cash of Ferro Molybdenum in China ranges from RMB 79,000 to RMB 81,000/MT, offer of Northeast China District is slightly higher than the offers of other districts, and part enterprises try to increase their offers to RMB 82,000/MT.

Currently, market of Ferro Molybdenum inquiries actively, along with gradual expansion of calling for bids of Ferro Molybdenum of steel mill, after its quantity of demand increases, price of Ferro Molybdenum is hopeful to continue to rise. 

• [Editor:Wang Linyan]