[SMM Molybdenum Daily Review: Both Mines and Steel Mills Enter Negotiations, Molybdenum Prices Expected to Remain Uncertain] Currently, large molybdenum mines have begun negotiations, and major steel mills are also inquiring based on demand. SMM analysis indicates that since the pre-holiday restocking demand for ferromolybdenum by steel mills has not been met, and large steel mills have not yet bought the dip, short-term molybdenum prices may face slight downward pressure. At the same time, the demand pressure may continue to transmit upwards and affect the molybdenum raw material market. It is recommended that operators remain cautious during restocking operations.