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[ferro-alloys.com] International Ferro Molybdenum price continues to rise after short consolidation, confidence in Molybdenum market in China increases and molybdenum product price rise, trading volume of molybdenum products is expected to increase.

Price of Ferro Molybdenum continues to rise, its main ready cash offer ranges from RMB 77,000 to RMB 79,000/MT, part factories in Liaoning Province increases offer to RMB 80,000/MT, currently the concluded price of ready cash is commonly at RMB 77,000/MT, and the trading volume at a higher position is limited.

Because raw material molybdenum concentrate price in China and international Ferro Molybdenum price rise, it is expected that price of ferro molybdenum is still to rise, gradual conclusion of higher price will appear in the later market, and trading volume at a higher price will be expected to increase.  

• [Editor:Wang Linyan]