[Molybdenum Market Price Update] SMM reported on July 31 that the molybdenum market consolidated at high levels today. On July 30, three domestic stainless steel and special steel enterprises issued a "Joint Statement on Maintaining the Healthy Development of the Molybdenum Industry Chain," announcing the suspension of ferromolybdenum procurement to address current market chaos caused by irrational speculation. The molybdenum market exhibited strong wait-and-see sentiment, with trading remaining sluggish and transactions at a standstill today. Molybdenum concentrate prices remained unchanged from yesterday, while the quoted price center for ferromolybdenum showed slight softening. Mainstream enterprises' offers were concentrated around 273,000-280,000. Market participants will continue monitoring mine tender dynamics and steel procurement information.