India: Ferro molybdenum prices remain stable w-o-w in recent trades

• Stable demand, controlled supply keep prices stable
  
  
• Global prices diverge amid cautious market sentiment
  
  

Indian ferro molybdenum (Mo 60%, 10-100 mm) prices remained largely stable w-o-w on 22 April 2026, falling marginally by INR 11,000/t ($117/t). Deals were concluded at similar levels to last week, and market fundamentals remained unchanged.

As per BigMints assessment on 22 April, ferro molybdenum prices in India were at INR 3,600,000/t ($38,363/t) exw. Deals for around 50 t were finalised last week within the price bracket of INR 3,480,000-3,610,000/t ($37,084-38,469/t) exw.

Market highlights (16-21 April 2025)

Global markets see mixed trends: Globally, ferro molybdenum prices showed mixed trends amid cautious market sentiment.

Ferro molybdenum (Mo:60%) prices in China edged up by RMB 3,500/t ($513/t) w-o-w to RMB 292,000/t ($42,805/t) exw-Inner Mongolia. However, overall market momentum remained steady, and most participants stayed cautious in their pricing decisions. Both producers and traders held prices firm, with no large adjustments seen. Buyers followed their regular procurement plans, and transactions moved smoothly without any rush to purchase at higher prices or delay buying due to temporary market fluctuations.

Meanwhile, in Europe and South Korea, prices dropped by $0.7/kg and $0.1/kg, respectively, w-o-w to $63/kg each.

Molybdenum futures on the London Metal Exchange inched up by $0.16/lb w-o-w to $27.18/lb on 21 April.

Indian prices firm despite global volatility: Despite fluctuations in global markets, ferro molybdenum prices in India remained largely stable. Sellers maintained firm offers, supported by steady trading activity that kept the market moving at a balanced pace. Some producers were also focused on fulfilling previously booked orders and were not actively accepting new deals. This limited participation further encouraged other sellers to keep their offers firm.

Overall, the domestic market showed resilience, with stable demand and controlled supply helping maintain price stability, even as international trends remained volatile and uncertain during the same period.

Imported molybdenum oxide (Mo: 57% min) prices in India edged up by $0.4/lb w-o-w to $27.4/lb on 22 April 2026.

End user market updates: Stainless steel prices for 316 grade HRC were unchanged w-o-w at INR 375,000/t ($4,001/t) exw-Mumbai. A leading stainless steel producer in India announced a fresh price hike for HR and CR coils, effective 21 April, marking its second increase this month. The revision comes amid rising nickel prices and persistent energy cost pressures. For 316 HRCs and CRCs, they raised prices by INR 3,000/t ($32/t).

Outlook

BigMint expects ferro molybdenum prices to remain stable in the coming days as market fundamentals remain unchanged.