Molybdenum iron and molybdenum oxide prices lowered.

On the 10th, the domestic molybdenum market as a whole showed a high-level weak trend, mainly reflected in slight declines in prices of some molybdenum products, slow order growth, and industry participants' somewhat insufficient confidence in the outlook. Today, molybdenum concentrate and ferromolybdenum prices fell by about 20 yuan/tonne-degree and 1,000 yuan/tonne respectively. In the molybdenum concentrate market, buying and selling sentiment was sluggish. Affected by the poor performance of the overseas molybdenum market during the National Day holiday and fewer downstream inquiries after the holiday, suppliers generally lowered their quotations. In the ferromolybdenum market, product prices continued to edge down, mainly due to strong price-cutting sentiment among steel mills and insufficient driving force from the molybdenum concentrate market. Today, steel tender prices were around 340,000 yuan/tonne. In the molybdenum chemicals and products market, the market was stable. Against the backdrop of a relatively balanced supply-demand pattern and limited room for declines in raw material prices, the prices of ammonium tetramolybdate, molybdenum powder, and molybdenum bars were around 327,000 yuan/tonne, 615 yuan/kg, and 620 yuan/kg respectively.