India: Ferro molybdenum prices remain stable amid raw material shortages

• Tight oxide supply supports ferro molybdenum prices
  
  
• Chinese prices increase slightly on sustained cost support
  
  

Indian ferro molybdenum (Mo 60%, 10-100 mm) prices were largely stable w-o-w on 15 April 2026, up slightly by INR 20,000/t ($214/t) as compared to the assessment on 8 April. Prices held steady amid raw material supply constraints and regular trading activity; additionally, there were no significant shifts in global sentiment.

Ferro molybdenum prices in India were at INR 3,611,000/t ($38,663/t) exw, as per BigMints assessment on 15 April. Deals for around 60 t were recorded within the price range of INR 3,480,000-3,620,000/t ($37,260-38,759/t) exw.

Market recap (9-14 April 2025)

Raw material supply constraints keep prices firm: Domestic ferro molybdenum prices remained supported due to the continued shortage of molybdenum oxide. Supply constraints persisted as shipments were delayed amid ongoing geopolitical tensions, restricting raw material availability for producers. As a result, sellers maintained firm offers, supported by steady buying interest.

Reflecting the market sentiment, a key domestic seller informed BigMint, "The market remains strong due to raw material shortages. Demand is high, but suppliers are unable to meet requirements due to raw material constraints and energy issues such as CNG shortages. Although some molybdenum oxide is expected to arrive by month-end, it may not be sufficient, and prices are likely to remain stable to firm in the coming month."

Sustained demand further ensured that prices remained steady during the period.

Imported molybdenum oxide (Mo: 57% min) prices in India were also stable w-o-w at $27/lb on 15 April 2026.

Global prices rise slightly: Ferro molybdenum (Mo:60%) prices in China edged up by RMB 1,000/t ($147/t) w-o-w to RMB 288,500/t ($42,317/t) exw-Inner Mongolia. Strong raw material prices continued to support production costs, so producers kept their offers steady without giving discounts.

Steel mills followed a regular bidding process, with prices matching the general market trend and no unusual highs or lows. Buying activity too remained normal, keeping overall market sentiment stable. International prices also stayed steady and aligned well with domestic levels, while imports had no impact on the market.

Molybdenum futures on the London Metal Exchange also went up marginally by $0.36/lb w-o-w to $27.02/lb on 14 April.

Stainless steel market remains sluggish: The stainless steel finished market remained sluggish during the week, with weak demand weighing on overall activity and limiting transactions. Buyers stayed cautious, resulting in slow movement of material across segments. However, prices are expected to rise in the coming week, supported by an increase in LME nickel prices, which is likely to push production costs higher and influence market sentiment.

Outlook

Indian ferro molybdenum prices are expected to remain stable in the days ahead, supported by raw material supply constraints.