China Commodity Marketplace

The domestic molybdenum market has gradually returned to normal after the Chinese New Year holiday, with price standing firm at high levels. Some transactions took place at Heilongjiang yesterday, with prices at RMB 1,780/MTU by cash and RMB 1,810/t by acceptance bills. Molybdenum concentrate prices are expected to rise further in the short-term. At present, quotations for standard grade molybdenum concentrates are standing at RMB 1,740~1,750/MTU and high-grade is at RMB 1,760~1,820/MTU.

At present, the domestic FeMo prices have stop falling and are holding stable at RMB 117,000~120,000/standard t.

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