Ferromolybdenum Industry Faces Cost Pressures and Negative Profit Margins

Dec 2-6, 2024

This week, the average cost in the ferromolybdenum industry was 235,882 yuan/mt, the average industry profit was -1,382 yuan/mt, and the average industry profit margin was -0.59%.

This week, steel mills intensified their efforts to lower the purchase prices of ferromolybdenum, while the reduction in molybdenum raw material prices was limited and did not match the spot prices of ferromolybdenum. Under dual pressure, the production cost of ferromolybdenum remained high, further exacerbating the inversion issue for producers.