- Deals closed at up to INR 3,000,000/t exw
- Cautious buying weighs on Chinese prices
Indian ferro molybdenum prices increased by INR 50,000/t ($554/t) in comparison to the assessment on 7 January. End-user demand was stable, leading to higher offers from sellers. Deals were also concluded at higher levels.
As per BigMint’s assessment on 14 January, ferro molybdenum prices in India were at INR 2,940,000/t ($32,601/t) exw. Around 50 t were traded during the assessment window in the price bracket of INR 2,865,000-3,000,000/t ($31,679-33,266/t) exw.
Market recap (8-13 January 2026)
Firm seller quotes push Indian prices up: Despite a slight decline in the global ferro molybdenum market, prices in India moved higher as sellers quoted firmer offers, supported by steady demand from domestic buyers. As a result, deals were concluded at levels of up to INR 3,000,000/t ($33,266/t) exw, which helped keep overall prices supported. Overall, the Indian market remained firm during the period, showing resilience against global price softness and maintaining stable to positive pricing trends.
Chinese, European prices decline: Ferro molybdenum (Mo:60%) prices in China edged down by RMB 7,000/t ($1,003/t) w-o-w to RMB 255,500/t ($36,615/t) exw-Inner Mongolia. Buyers stayed cautious and delayed purchases, resulting in reduced trading volumes. Lower bids from steel mills continued to push prices down, dragging the overall transaction levels lower. With no positive market developments, suppliers lacked support to increase prices. In addition, falling international molybdenum oxide prices added pressure on the domestic market.
In the near term, ferro molybdenum prices are expected to remain under pressure as demand stays weak. If molybdenum concentrate prices decline further, cost support will ease, creating more downside for prices. In this bearish environment, traders may continue selling aggressively to manage risk and improve liquidity, further reinforcing the downward trend.
European ferro molybdenum (Mo:70%) prices declined slightly by $0.6/kg w-o-w to 56/kg. Meanwhile, in the US (Mo:70%), prices edged up by $0.1/kg w-o-w to $58/kg.
LME futures rise w-o-w: On the London Metal Exchange (LME), molybdenum futures went up by $1.06/lb w-o-w to $23.62/lb on 13 January.
Outlook
Ferro molybdenum prices in the coming week are expected to stay at current levels as regular trading activity continues.
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