[Ferro-Alloys.com]

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

                                        unit:1,000 yuan/ton

In this week, the molybdenum market runs weakly. As of Friday, the domestic price of ferromolybdenum60# is 103,000-105,000 yuan/ ton; the price of molybdenum concentrate 40%-45% is about 1,560-1,580 yuan/ton; the mainstream price of molybdenum oxide is 1,620-1,640 yuan/ton. The bidding of ferromolybdenum in steel plant has decreased compared with the previous period, and the market activity is low. At present, the domestic mainstream quotation of ferromolybdenum is 103,000-105,000 yuan / ton, and the actual transaction price is about 102,000 yuan / ton. The mainstream quotation of domestic molybdenum concentrate is about 1550 yuan / ton, the quotation of northern molybdenum mine has been increased, and the order is less than the previous period. The mainstream price of molybdenum oxide is 1,620-1,640 yuan / ton, and the international molybdenum oxide falls back to about $10.15/ pound molybdenum. The fall in the international price of molybdenum has led to a marked lack of confidence among domestic market participants. Manufacturers are expected to release a new wave of market demand before the Spring Festival.

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• [Editor:wenxin]