[SMM Molybdenum Daily Review: Molybdenum Spot Prices Continue to Fluctuate Downward, Awaiting Steel Mill Demand Release] The market's bearish sentiment has further intensified due to the uncertainty of whether large steel mills will enter the market for procurement. SMM analysis points out that since the high production plans of major steel mills are still ongoing, it is difficult to meet their entire demand even if other raw materials are used for production. Therefore, large steel mills may still need to purchase ferromolybdenum in the near future, with procurement volumes and prices possibly declining. In the short term, molybdenum prices are expected to continue to fluctuate downward.