International molybdenum market demand is still weak, prices continue to decline

       International molybdenum market demand is still weak, prices continue to decline. On the distribution of molybdenum oxide Platts price from 8.65-8.7 dollars / pounds down to 8.55-8.7 dollar / pound molybdenum molybdenum; European ferromolybdenum quotations from 20.9-21.2 dollars / kg down to $20.7-21 / kg Mo mo. The domestic molybdenum concentrate demand, molybdenum prices fall, increase the cost of the formation pressure upside down, the raw material market. At present, the general grade molybdenum concentrate mainstream quotation at 1390-1410 yuan / ton, high grade molybdenum concentrate at 1410-1430 yuan / ton. Molybdenum steel domestic bidding purchase price is low, the current mainstream manufacturers offer has been down to 9.5-9.8 yuan / ton basis.