[SMM Molybdenum Daily Review: Molybdenum Prices Remain Stable, Spot Market Appears Calm] Currently, the bargaining range for molybdenum raw materials has further narrowed, with most bulk ferromolybdenum transaction prices at 230,000-232,000 yuan/mt, but trading volume has not significantly increased. The bidding activity of steel mills remains active, with several steel mills, including Dalian Special Steel, Xinjiang Bayi Iron & Steel, Sichuan Pangang Group Chengdu Steel & Vanadium, and Ansteel, entering the market for inquiries today. Given that the monthly bidding volume for ferromolybdenum has again exceeded 10,000 mt and cost support remains strong, the room for ferromolybdenum price pullback is limited, and it is expected to stabilize around the 230,000 yuan/mt level in the short term.