[Molybdenum Market Prices] SMM reported on July 17: Today, the molybdenum market operated under pressure, with molybdenum concentrate prices showing a slight decline. The prices of molybdenum concentrate with a grade of 45%-50% ranged from 3,970 to 4,000 yuan/mtu. Ferromolybdenum steel bidding prices were concentrated at 252,000-255,000 yuan/mt. The demand in the molybdenum chemicals market was sluggish, with prices generally weak and consolidating. The quoted price of ammonium tetramolybdate was 244,000-248,000 yuan/mt.