Data: SHFE, DCE market movement (Apr 27)

Outokumpu’s October 2026 North American coil alloy surcharges edged lower across several molybdenum-bearing grades. The surcharge for 316L 2.5% Moly fell 0.5% MoM to $4,291.96/t, while 316L/4404 declined 0.7% to $3,886.31/t. Duplex 2205 was broadly flat at $4,225.83/t. Surcharges for 904L and 254 SMO fell 0.8% and 0.6% to $8,236.48/t and $8,914.62/t, respectively. These are alloy surcharges rather than full steel prices and reflect nickel, chromium and other alloy inputs as well as molybdenum.

Bharat Heavy Electricals Limited’s Haridwar plant has opened a tender for 40 tonnes of ferromolybdenum. The procurement uses a reverse auction and may be split 60:40 between up to two suppliers. The delivery schedule calls for 25 tonnes within 30 days of the contract start and 15 tonnes within 60 days. Under the price-adjustment formula, 80% of the invoiced price is linked to the Argus 60% Mo ferromolybdenum ex-works India index. The tender also includes a quantity option of up to 25%. No award or transaction price has yet been disclosed.

USGS reported US molybdenum concentrate production of 3,390 tonnes of contained molybdenum in July 2026, down 2.6% MoM but up 6.3% YoY. Jan–Jul output totaled 24,330 tonnes, up about 4.2% based on monthly data. July shipments reached 3,730 tonnes, up 4.8% MoM and 17.7% YoY, while YTD shipments rose about 5.7% to 24,600 tonnes. Shipments exceeded monthly output by about 340 tonnes. USGS notes that shipments include domestic sales, exports and transfers to company plants, while some producer data are monthly estimates derived from quarterly or annual disclosures.