[Ferro-Alloys.com]

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

                                                                     unit:1,000 yuan / ton

Affected by the continued rise in international molybdenum alloy prices, the domestic molybdenum alloy market prices continued to rise this week.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 international molybdenum oxide prices rose from $10.95 / pound to $11.6 a pound this week, and fell to $11.2-11.4 / pound on Friday, with an expected upward trend after price correction. Affected by the continued rise in international molybdenum prices, domestic market prices have been favorable support, the domestic ferromolybdenum, molybdenum concentrate and molybdenum oxide prices on Friday, rose 1,000-3,000 yuan compared with the prices on Monday. At present, the domestic manufacturers are in a strong mood to hold and sell goods, and many domestic enterprises have begun a holiday in this week, the overall activity of the market has been reduced, the market participants are generally in the wait-and-see mood, the domestic manufacturers and mines still need to continue to pay attention to after the Spring Festival.

For more ferroalloys market information, please click http://www.ferro-alloys.cn/ .

• [Editor:wenxin]