[Ferro-Alloys.com] The current price of ferromolybdenum was quoted at RMB97,000-100,000 /ton, and the transaction price was RMB 98,000 / ton, which was up about RMB 500 /ton. The acceptance price was at RMB 102,000 /ton, up RMB 2,000 /ton from the previous day.

It is reported that the tender of FeMo60-B 640 tons of a steel mill in shanxi was RMB 98,000/ton by acceptance, and tender of FeMo60-B 30 tons another steel mill in Hunan  was RMB 101,800/ton by acceptance; while the tender 700 tons of FeMo60-B in Jiangsu and Hubei was RMB98,000/ton by acceptance.

International price have been rising for recent weeks, manufacturer continued to ait-and-see what happens next. The offer of domestic molybdenum continued to rise, with a limited market demand is still running under pressure increasing. It is predicted that ferromolybdenum price would continued to rise.

• [Editor:Jiang Li Juan ]