This week, the average cost in the ferromolybdenum industry was 241,595 yuan/mt, with an average industry profit of -1,095 yuan/mt and an average profit margin of -0.45%. During the week, steel mills increased their efforts to bargain down purchasing prices for ferromolybdenum, while raw material prices remained firm with limited downward adjustments. The high costs and declining product prices exacerbated the inversion in the ferromolybdenum market.