- Tight raw material supply drives prices
- Domestic prices firm as buying activity rises
Indian ferro molybdenum (Mo 60%, 10-100 mm) prices witnessed an uptick of INR 57,000/t ($616/t) as compared to the assessment on 1 April 2026. Prices went up due to good domestic demand and rise in global offers.
As per BigMint’s assessment on 8 April, ferro molybdenum prices in India were INR 3,591,000/t ($38,800/t) exw-India. Around 55 t of material was traded last week within a price bracket of INR 3,550,000-3,600,000/t ($38,357-38,898/t) exw.
Market summary (2-7 April)
Rise in global prices: Ferro molybdenum (Mo:60%) prices in China increased by RMB 7,000/t ($1,020/t) w-o-w to RMB 287,500/t ($41,925/t) exw-Inner Mongolia. Limited availability of molybdenum concentrate and strong holding sentiment among mines kept raw material costs elevated, pushing producers to increase their offers. Downstream steel mills maintained active procurement, with some advancing their April tenders, which boosted spot market transactions. Firm market sentiment, reduced selling interest at lower prices, and supply constraints due to maintenance shutdowns at certain smelters further supported the price uptrend.
Prices edged up by $1/kg w-o-w to $66/kg in Europe (Mo:70%) as well. Molybdenum futures on the London Metal Exchange too went up slightly by $0.05/lb w-o-w to $26.66/lb on 7 April.
Domestic prices up on demand recovery: Ferro molybdenum prices in India strengthened in line with rising global price trends, prompting domestic sellers to revise their offers upward. Supported by sustained demand from end users, market prices remained stable and firm during the period. Trading activity also improved gradually as buyers returned to the market after a relatively slow phase earlier. Market participants observed better sentiment with increasing procurement interest across key consuming sectors. A domestic producer told BigMint, “Ahead of the fiscal year-end there were few inquiries but now as the new financial year has started inquiries have started coming in”.
Outlook
Ferro molybdenum prices in the coming days are expected to stay at current levels as steady demand might keep prices supported.
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