The molybdenum power, molybdenum oxide and molybdenum bar prices are continuing in the upward trend due to the persistent shortage of raw materials and strong rised mentality of traders.

In the molybdenum concentrate market, the transaction situation is relatively good. The problem of tight supply of mainstream mining enterprises has not been effectively alleviated. The enthusiasm for the purchase of downstream inquiries is higher, the price of products continues to rise slightly, and the orders for bulk cargo increase slightly. In the ferro molybdenum market, most intermediate smelters have increased their quotations under the support of the mines, but the downstream users are still highly cautious, resulting in relatively high volume transactions.