- Market stays cautious amid supply crunch
- Chinese prices decline w-o-w
Indian ferro molybdenum prices stayed stable as compared to the previous assessment on 18 June 2025. Steady dynamics in the market along with stable LME futures largely kept prices unchanged.
As per BigMint’s assessment on 25 June, ferro molybdenum prices in India were at INR 2,674,000/t ($31,125/t) exw-India. Approximately 10 t of deals were concluded last week within the price range INR 2,660,000-2,730,000/t ($30,962-31,777/t) exw.
Market highlights (19-24 June)
Effect of global uncertainties on domestic market: A major seller source informed BigMint recently, “There’s overall crunch of molybdenum oxide supply at the moment due to the war situation.”
So market sentiments stayed a bit uncertain as shipment delays were also being reported. Imported molybdenum oxide prices to India were said to be around $22.15/lb, as per sources.
Hence, sellers were cautious in selling material which was the primary reason for lesser trades in the last week.
Worldwide price trends: Ferro molybdenum (Mo:60%) prices in China declined by RMB 5,000/t ($697/t) w-o-w to RMB 242,500/t ($33,814/t) exw-Inner Mongolia. This was primarily due to the release of new production capacity and increased imports, which added pressure to supplies.
Despite mines entering the maintenance season in June, earlier inventory buildup continued to weigh on prices. While major steel mills were actively procuring, weak demand and increased market risk persisted.
For other regions like the US and Europe (Mo:70%), prices stayed unchanged w-o-w at $53/kg and $52/kg, respectively.
On the London Metal Exchange (LME) platform, prices were steady too, inching up slightly by $0.09/lb w-o-w to $21.9/lb on 24 June.
Outlook
With the reported shortage of molybdenum oxide, supplies may get impacted and prices might see an uptick in the days ahead.
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