- Firm input costs support domestic ferro molybdenum prices
- Subdued stainless demand limits domestic buying activity
India’s ferro molybdenum (Mo: 60%) prices remained largely stable with slight rise by INR 15,000/t ($156/t) w-o-w to INR 4,160,000/t ($43,222/t) exw. Market sentiment remained balanced, supported by firm offers and stable input costs, despite moderate demand and cautious downstream procurement.
Close to around 40 t of deals were concluded last week within the price range of INR 3,960,000-4,270,000/t ($41,143-44,364/t) exw.
Market trends
Global: China’s ferro molybdenum (Mo:60%) prices edged up by RMB 4,000/t ($591/t) w-o-w to RMB 331,500/t ($48,961/t) ex-works Inner Mongolia, supported by tight raw material availability, ongoing mine inspections, and firm molybdenum oxide costs. Producers continued to prioritise long-term contract deliveries, keeping spot availability limited and supporting market prices. However, demand remained subdued as steel mills slowed procurement amid weak seasonal steel consumption and reduced tender activity, while buyers resisted higher offers.
Meanwhile, Europe’s ferro molybdenum prices remained steady at $73/kg despite sluggish demand, supported by elevated molybdenum oxide costs and firm supplier offers.
On the futures front, LME molybdenum prices edged up by $0.17/lb week-on-week to $31.68/lb on 14 July, reflecting continued support from firm raw material fundamentals.
India: Ferro molybdenum prices remained largely stable in the week ended 15 July 2026, supported by firm seller offers despite moderate buying activity. Steady molybdenum oxide costs and strengthening global ferro molybdenum prices continued to support the domestic market, encouraging suppliers to maintain firm offer levels.
However, India’s stainless steel market remained subdued, with weak downstream demand, cautious procurement, and volatile raw material prices weighing on buying sentiment. Consumers largely continued hand-to-mouth purchases, resulting in moderate trading activity and limiting significant movement in domestic ferro molybdenum prices.
Outlook
Indian ferro molybdenum prices are expected to remain broadly stable in the near term, supported by firm molybdenum oxide costs and strengthening global price trends. However, subdued stainless steel demand and cautious procurement are likely to limit any significant upside in the domestic market.
Leave a Reply