- China sees slight price rise, prices flat in Europe, US
- LME futures prices fall slightly by $0.81/lb w-o-w
Indian ferro molybdenum prices held steady w-o-w from the previous assessment on 12 November 2025. The market remained quiet, with limited trading activity and weak buying interest driven by subdued demand from the stainless steel sector.
As per BigMint’s assessment on 19 November, ferro molybdenum prices in India stood at INR 2,775,000/t ($31,372/t) exw. Trading activity remained limited, with about 11 t concluded last week within the range of INR 2,750,000 – 2,820,000/t ($31,089 – 31,880/t) exw.
Market updates (13-18 November)
Static market conditions prevail: Indian ferro molybdenum prices remained stable last week. Despite limited inquiries, sellers largely kept their offers firm. Buyers, however stayed cautious towards higher offers. A seller was recently quoted as saying to BigMint, “The market remained mute with weak demand, buyers are now asking material at INR 2,600,000/t exw ($29,352/t) exw levels.” Weak end-user demand continued to weigh on the overall market sentiment.
China records mild price rise: Ferro molybdenum (Mo 60%) prices in China went up slightly by RMB 1,000/t ($141/t) w-o-w to RMB 242,500/t ($34,117/t) exw-Inner Mongolia. This price rise was likely due to downstream steel mills stepping up their procurement, keeping bidding demand steady. Maintenance work at major mines, along with environmental controls, further tightened the supply of molybdenum concentrate, providing solid cost support.
Meanwhile, inventory holders remained optimistic about future market trends and were inclined to withhold material to maintain price levels. Overall, steady demand, limited supply, and positive sentiment together pushed ferro molybdenum prices up slightly.
Additionally, ferro molybdenum (Mo 70%) prices in Europe held firm w-o-w at $54/kg. Although the market remained soft, profitability improved due to lower oxide powder prices. In the US, prices also remained unchanged w-o-w at $55/kg.
LME futures inch down w-o-w: On the London Metal Exchange (LME), molybdenum futures slipped slightly by $0.81/lb w-o-w to $22.20/lb on 18 November.
Outlook
Ferro molybdenum prices are expected to remain range-bound in the near term, though any changes in end-user demand or global market sentiment will influence the Indian market.
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