According to SMM, on March 4, an Indonesian major stainless steel mill raised its 316L export quotation by USD 100/mt, pushing the price spread between 316L and 304 to USD 1,800/mt. This sharp increase is driven by a rallying molybdenum market: while domestic mines have begun concentrated shipments, molybdenum concentrate transaction prices continue to trend upward. The entire industry chain currently exhibits firm raw material prices and cost-driven pressure, with downstream demand gradually following suit. Strong cost support from the ferromolybdenum market has led to this significant price divergence.

According to SMM, on February 25, an Indonesian major stainless steel mill sharply raised its 316 export quotation by USD 100/mt, widening the price gap with 304 to USD 1,700/mt. This surge is heavily driven by a rallying molybdenum market, which saw gains prior to the break due to rising international oxide molybdenum prices and downstream restocking. Following the resumption of operations, domestic molybdenum mines have maintained tight supply due to seasonal weakness and declining ore grades. With strong cost support and a surge in restocking from steel mills, the ferromolybdenum market is projected to maintain a strong, volatile upward trend in the short term.

[Ferromolybdenum Steel Tender Information] On February 11, SMM reported that a steel mill in Shandong issued a latest ferromolybdenum tender price of 268,000 yuan/mt (cash/acceptance/Tongbao), with a quantity of 30 mt.

China's ferromolybdenum exports in March 2025 reached 413.95 mt, up 59.21% MoM, while imports stood at 837.00 mt, up 267.11% MoM.

January 13-17, 2025, the average cost of the ferromolybdenum industry this week was 233,771 yuan/mt, and the average profit of the industry was -270 yuan/mt...

Dec 2-6, 2024 This week, the average cost in the ferromolybdenum industry was 235,882 yuan/mt, the average industry profit was -1,382 yuan/mt, and the average industry profit margin was -0.59%. This week, steel mills intensified their efforts to lower the purchase prices of ferromolybdenum, while the reduction in molybdenum raw material prices was limited and did not match the spot prices of ferromolybdenum. Under dual pressure, the production cost of ferromolybdenum remained high, further exacerbating the inversion issue for producers.

January 6-10, 2025, the average cost of the ferromolybdenum industry was 233,771 yuan/mt, and the average profit of the industry was -270 yuan/mt...

On April 21, a steel mill in Fujian purchased ferromolybdenum at a price of 209,000 yuan/mt, cash payment, with the quantity to be determined.

In January 2025, China's ferromolybdenum exports reached 974.8 mt, up 99.94% MoM, while imports were 1,006.26 mt, up 116.77% MoM.

January 6-10, 2025, the average cost of the ferromolybdenum industry was 233,771 yuan/mt, and the average profit of the industry was -270 yuan/mt...