[Ferro-Alloys.com] Chinese Spring Festival is near, molybdenum raw material market gradually depressed, the price retreated slightly. The reference price of 45-47% molybdenum concentrate was at RMB1,580-1,600 /mtu, compared with yesterday drop RMB20/mtu, and above 50 % moly concentrate at RMB1,560-1,580/mtu, down RMB 10/mtu. According to incomplete statistics, the of trading volume domestic molybdenum concentrate has exceeded 1000 tons since February, and a large proportion of Long-term orders.

Molybdenum mines have not pressure of stocks, so under the high international molybdenum price, they will keep the firm quotation or stop quotation this week. Ferro molybdenum price is also expected to maintain stability under the background of low inventories and high production cost. This week, domestic molybdenum products may have prices but no sales.

• [Editor:Jiang Li Juan ]