- Prices remain firm across global regions
- LME futures tick down by $0.14/lb w-o-w
Indian ferro molybdenum prices remained largely stable, edging up by INR 18,000/t ($201/t) w-o-w to INR 2,662,000/t ($29,685/t) exw as of 24 December, according to BigMint’s assessment. Firm offers from sellers and a mild pickup in stainless steel demand lent support to prices. However, buying activity remained cautious, with procurement largely on a need-based basis. Around 19 tonnes were traded last week within the price range of INR 2,660,000-2,770,000/t ($29,640-30,867/t) exw.
Market updates (18-23 December 2025)
Slight uptick in Chinese prices: Ferro molybdenum (Mo 60%) prices in China edged up by RMB 2,000/t ($284/t) w-o-w to RMB 239,500/t ($34,108/t) exw-Inner Mongolia.Tighter environmental regulations and rising production costs prompted some producers to curb output, resulting in slower growth in spot availability.
Inventory holders showed limited willingness to lower prices, while buyers remained actively engaged in the market. This balance between constrained supply growth and steady demand continued to support overall price stability.
Meanwhile, European ferro molybdenum (Mo 70%) prices held firm w-o-w at $53/kg, amid muted trading activity due to limited market participation ahead of the Christmas holidays. In the US, ferro molybdenum (Mo 70%) prices also remained stable w-o-w at $56/kg.
LME futures edge down w-o-w: On the London Metal Exchange (LME), molybdenum futures edged down by $0.14/lb w-o-w to $21.31/lb on 23 December.
Indian market hold firm w-o-w: Following global market trends, Indian ferro molybdenum (Mo 60%) prices remained largely stable, with a slight upward correction. The market was supported by adequate material availability and firm offers from sellers. Although demand from end-user sectors showed slight improvement, overall trading activity remained limited, with around 19 tonnes of deals concluded last week, as buyers continued to procure material on a need-based basis.
Steady demand from end-user sectors: Prices of 316-grade stainless steel hot-rolled coils (HRCs) stood at INR 330,000/t ($3,677/t) ex-works Mumbai, as the domestic market stayed weak and major mills remained sidelines. Demand improved slightly from last week.However, global price pressures may push prices higher in the coming weeks after the New Year. Potential changes in China’s export policies could also influence prices later, with market sentiment expected to improve gradually in the near term.
Outlook
We expect ferro molybdenum prices to rise in December, tracking price rises in the Chinese market as demand for stainless steel continues to rise.
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