- Stable global markets support prices
- LME futures remain stable w-o-w
Indian ferro molybdenum prices held steady w-o-w from the last assessment on 4 June 2025, backed by consistent demand in the stainless steel sector and stable conditions in the global market.
As per BigMint’s assessment on 11 June, ferro molybdenum prices in India were at INR 2,655,000/t ($31,053/t) exw-India. Around 60 t of trades were concluded last week in the price range of INR 2,600,000-2,660,000/t ($30,410-31,111/t) exw.
Market highlights (5 – 10 June)
Slight rise in Chinese prices: Ferro molybdenum (Mo:60%) prices in China inched up by RMB 1,000/t ($139/t) w-o-w to RMB 248,500/t ($34,574t) exw-Inner Mongolia. Demand continues to grow, supported by expansion in construction, military, and new energy sectors, encouraging steel mills’ buying interest.
However, recent price hikes in molybdenum products have made downstream buyers more price-sensitive, leading to cautious procurement.
Global market trends: The European market remained quiet ahead of the annual ferro alloys conference in Amsterdam, which began on 6 June. Both the oxide powder and ferro molybdenum markets were stable, with limited trading activity and subdued sentiment.
For the week ended 6 June, traded volumes declined further, extending the previous week’s trend following a sharp rise in molybdenum oxide powder prices in Asia. Market liquidity was also impacted by three public holidays in China and South Korea starting 2 June, which slowed overall trading.
Ferro molybdenum prices weakened in most Asian markets, except in China where domestic prices held steady. In Europe, prices edged up during the same period but remained below estimated conversion costs from oxide powder. While Asian spot prices strengthened, European prices dipped slightly due to weak buying interest.
Prices remained steady in Europe (Mo: 70%) at $52/kg, while in the US, they edged up by $1/kg w-o-w to $54/kg.
LME futures remain stable: On the London Metal Exchange (LME) platform, prices remained stable, edging up slightly by $0.34/lb w-o-w to $21.95/lb on 10 June.
Prices remained stable w-o-w, supported by steady demand from the stainless steel sector. The stainless steel 316 series prices also held firm throughout the week. However, buying activity remained cautious as market participants adopted a wait-and-see approach.
Indian market scenario: Ferro molybdenum prices in India stayed stable w-o-w, supported by steady demand from the stainless steel sector. However, buying activity remained cautious as market participants adopted a wait-and-see approach and regular trading activity helped maintain price stability.
Meanwhile, limited trading activity in Europe, along with stable conditions in China, contributed to the overall steady market sentiment which supported prices in India.
Outlook
In the near term, ferro molybdenum prices are expected to remain stable, with a potential for increasing if demand from the stainless steel sector grows.
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