- Uptrend in moly oxide sparks price hike
- LME future prices hold firm w-o-w
Indian ferro molybdenum prices climbed up by INR 50,000/t ($579/t) compared to the last assessment on 16 July 2025.The uptick was largely due to constrained supply and higher oxide prices.
Ferro molybdenum prices in India rose w-o-w to INR 2,900,000/t ($33,561/t) exw-India, as per BigMint’s assessment on 22 July. Around 28 t of deals were concluded last week, within the price range of INR 2,780,000-2,920,000/t ($32,172-33,793/t) exw.
Market updates (17-22 July)
Tight supplies of raw material: There has been a continued shortage of molybdenum oxide in the domestic market recently leading to rise in offers by sellers. Since its entirely imported, the recent geo-political tensions and restricted supplies from Middle east pushed up the prices.
Global market trends: Ferro molybdenum (Mo:60%) prices in China inched down by RMB 1,000/t ($140/t) w-o-w to RMB 255,500/t ($35,611/t) exw-Inner Mongolia. Growing demand from downstream sectors such as construction, defence, and new energy vehicles had supported buying interest from steelmakers.
However, a sharp increase in mainstream molybdenum product prices made buyers more cautious, with many downstream users becoming hesitant due to heightened price sensitivity.
In the US, ferro molybdenum (Mo: 70%) prices remained stable week-on-week at $55/kg. European prices also held steady at $53/kg, supported by stable market conditions.
LME molybdenum prices remained stable, edging up by $0.01/lb week-on-week to $22.97/lb as of 22 July.
Outlook
In the short term, a price increase is anticipated. However, the magnitude of the rise will be influenced by prevailing supply and demand dynamics.
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