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No direction to molybdenum market while insipid transaction

    Currently for molybdenum disulfide material, although big company offer a stable price, deals is very few due to small demands. Processing company only look for low-price materials. It is said the price of RMB1020/each grade is the lowest price while at RMB1070-1080/each grade to high grade.
    It becomes price competition for molybdenum industry. Only low price will be competitive. As for quality also lower and it is difficult for FeMo to sell at a high price. It is limited to the price at CNY75000/ ton by acceptance while at CNY73000-73500/ton by cash. It would be some time for price and there would be no sign to rebound.