[ferro-alloys.com] Currently, molybdenum concentrate in stock in China is scarce, and its supply does not meet its demand; yesterday, concluded price of acceptance of molybdenum concentrate 50-55% of Yichun Luming Mining Co., Ltd. was RMB 1,170/ton of degree, and the concluded price continues to hit a new high. Along with price of raw material of molybdenum concentrate rises, and international price of molybdenum continues to be up, the demander worries about that the purchasing of goods is more difficult and the price of them continues to rise, so the inquiries of enterprises increase today.     

Today, all concluded prices of molybdenum concentrate, ferro molybdenum and molybdenum oxide are higher than the prices of them of yesterday, of which, concluded price of ferro molybdenum 60% is RMB 81,000/mt,  increased by RMB 1,000/mt than the concluded price of RMB 80,000/mt of yesterday.

• [Editor:Wang Linyan]