[SMM Molybdenum Daily Review: Active Steel Mill Demand, Strong Support for Molybdenum Market Demand]
The molybdenum raw material market remained quiet, with suppliers generally quoting based on online prices, and most negotiations conducted at the lower price range. However, due to buyers still facing the pressure of price inversion, purchasing activities were limited.
The highest tender price for ferromolybdenum remained stable at 230,000 yuan/mt (acceptance), while bulk transactions were mostly concluded in the range of 230,000-232,000 yuan/mt (cash), with reduced transaction volumes.
Currently, steel mills' year-end stocking demand for ferromolybdenum has not yet been fully released and may continue for some time. Short-term stability is expected to be more likely.
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