FAP, April 25 (Xinhua)-- under the background of strong supply and weak demand, ferromolybdenum prices have recently fallen below 200000 yuan / ton, down more than 50 percent from the February high. A reporter from the Financial Associated Press learned from the industry that after the recent gradual return of molybdenum prices, the volume of molybdenum iron and steel in steel mills showed a upward trend, but the contradiction between supply and demand still exists, and price depression in steel mills is widespread. Some people in the industry expect: "the reasonable price range of ferromolybdenum is 150000-160000 yuan / ton." (financial Associated Press reporter Zhang Liangde, special correspondent Liang Xiangcai)