- Prices in US, Europe hold firm; China sees mild uptick
- LME futures tick down by $0.29/lb w-o-w
Indian ferro molybdenum prices remained largely stable, edging down by INR 7,000/t ($78/t) w-o-w to INR 2,607,000/t ($29,011/t) exw on 10 December, according to BigMint’s assessment. Despite stable prices, market activity remained quiet due to sluggish end-user demand and a drop in LME prices. Around 10 tonnes were traded last week within the price range of INR 2,600,000-2,700,000/t ($28,933-30,046/t) exw.
Market updates (4-9 December 2025)
Market remains firm with limited movement: Indian ferro molybdenum prices remained stable last week, but the market stayed quiet with few inquiries. Weak demand from the stainless steel sector kept buyers on the sidelines, leading to subdued trading and minimal activity in the market.
A seller told BigMint, ” The seasonal slowdown and the weak steel market in India continued to weigh on market conditions.”
Indian stainless steel market remains soft : Prices of 316-grade stainless steel hot-rolled coils (HRCs) fell by INR 4,000/t ($44/t) w-o-w to INR 333,000/t ($3,737/t) exw Mumbai. The stainless steel market remained weak amid subdued finished demand, while scrap buying activity stayed muted. Major coil manufacturers reduced prices, and finished imports continued to flow in due to their lower cost.
Chinese prices inch up w-o-w: Ferro molybdenum (Mo 60%) prices in China inched up by RMB 4,000/t ($566/t) w-o-w to RMB 239,500/t ($33,906/t) exw-Inner Mongolia. The ferro molybdenum market remained firm, with prices showing a slight upward trend. Recent disruptions in international molybdenum mine supply have kept concentrate prices elevated, providing strong cost support.
At the same time, year-end inventory restocking by some steel mills has lifted market activity. Driven by cost pressures and restocking demand, manufacturers are maintaining firm offers, leading to a slight upward movement in prices.
Additionally, European ferro molybdenum (Mo 70%) prices remained flat w-o-w at $52/kg, with the market staying cautious and activity limited. In the US, prices (Mo 70%) also held steady w-o-w at $53/kg.
LME futures tick down w-o-w: On the London Metal Exchange (LME), molybdenum futures edged down by $0.29/lb w-o-w to $21.17/lb on 9 December.
Outlook
Ferro molybdenum prices are expected to see slight corrections in December, though any changes in end-user demand will continue to shape the domestic market.
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